Placements in GT Capital and Shin Corp raise a combined $1 billion

Philippine conglomerate GT Capital and its controlling shareholder sell $350 million worth of shares, while a Temasek-controlled entity raises $685 million from its third sell-down in Thailand’s Shin Corp.

Placements have been a key theme this week with several deals out of Hong Kong, and yesterday Southeast Asia joined the action as well with two large transactions that together raised $1 billion. The deals were well received and confirmed that investors are keen to add more risk to their portfolios.

Philippine conglomerate GT Capital was first out with a combined primary share follow-on and sell-down by the controlling shareholder, which hit the market at...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES