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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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China Huarong Asset Management and China Railway Signal & Communication Corp (CRSC) are lining up to take the Hong Kong market by storm this year, with both companies looking to bring multi-billion dollar IPOs soon. -
Three shareholders in Luye Pharma Group have raised a collective HK$775.6m ($100m) by selling some of their shares in the company, which made its debut on the Hong Kong Stock Exchange in July last year. Books for the block only remained open for an hour, but that was long enough for the deal to be multiple times covered despite the stock being offered at a very tight discount.
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Thailand’s Jasmine Broadband Internet Infrastructure Fund expects to re-open books on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO in the first week of February and list before Chinese New Year, which falls on February 19.
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Philippine real estate company Ayala Land raised Ps16bn ($356.2m) through a top-up placement of shares on the evening of January 9, in what was the first large Asian block trade of the year. Driven by reverse enquiry, the deal saw strong demand from the market soon after books opened, with shares holding up well in secondary.
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Sunrise Communications Group, the Swiss telecom firm based in Zurich, intends to float on SIX Swiss Exchange in the first half of this year, as it joins the long list of issuers that have announced this week their intentions to float.
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Bank of America Merrill Lynch, JP Morgan and Morgan Stanley traded on Wednesday evening a block of shares in Spire Healthcare Group, the UK private hospital company.
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