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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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The UK government will sell the next chunk of Lloyds Bank shares using an unusual dribble-out trading plan, in which shares will be sold piecemeal in the secondary market, rather than in a large block, as it has done twice before. -
Dalian Wanda Commercial Properties pulled off one last hurrah for Hong Kong’s IPO market this week, raising HK$28.8bn ($3.7bn) in the city’s largest listing for more than three years. The property developer, owned by Chinese billionaire Wang Jianlin, priced its shares on December 16 at HK$48.00, near the top end of guidance, despite niggling fears about China’s cooling property sector, writes John Loh.
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Linekong Interactive Co is now likely to raise HK$724.91m ($93.49m) in its IPO on Hong Kong’s Growth Enterprise Market (Gem) board, following a decision by its shareholders not to cash out of the company. One of its three cornerstone investors has also pulled out of the deal.
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The UK government will sell the next chunk of Lloyds Bank shares using an unusual ‘dribble-out’ trading plan, in which shares will be sold piecemeal in the secondary market, rather than in a large block, as it has done twice before.
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China’s Li Ning Company is hoping to raise $HK1.7bn ($219m) in a rights issue for which the proceeds will be used as working capital.
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It’s proving a rough end to the year in equity markets, especially of course in Russia, but also in the UK, whose market has fallen 7% in 10 days, turning what was already a flat year into a losing one.
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