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Equities
BDO Unibank to seek $1 billion from rights issue in June
The Philippine bank gets the go-ahead for its proposed rights issue and says it will fix the price on June 5 at a discount of up to 20% to 25% versus the 10- to 15-day VWAP.
By Anette Jönsson | 28 May 2012
View Point
Dimon loses his sparkle
The trading debacle at J.P Morgan raises issues about accountability as well the opacity of hedging activities.
By Rupert Walker | 16 May 2012
Equities
Temasek cuts stake in Bank of China and CCB by $2.48 billion
The Singapore investment company sells $1.24 billion of shares in each bank just two weeks after it bought $2.3 billion worth of stock in ICBC.
By Anette Jönsson | 3 May 2012
Equities
East West Banking is set to raise $106 million from Philippine IPO
The mid-sized bank fixes the price at the low end after the institutional tranche is about two times covered.
By Aiko Hayashi | 19 April 2012
Equities
Goldman sells $2.5 billion of ICBC shares; Temasek main buyer
Temasek buys $2.3 billion of the shares, increasing its stake above 5% of ICBC's H-share capital, while Goldman Sachs reduces its holdings to 4.99%.
By Anette Jönsson | 17 April 2012
Equities
East West Banking launches Philippine IPO of up to $135 million
The mid-size bank hits the market shortly after GT Capital prices its $438 million IPO and as the Philippine stock market continues to outperform its Asian peers.
By Aiko Hayashi | 11 April 2012
Equities
China Merchants Bank gets approval for $5.5 billion rights issue
The Chinese lender will tap both its A- and H-shareholders as it joins a long line of Chinese banks that are selling shares to boost their capital ratios.
By Lillian Liu | 11 April 2012
Equities
Posco sells shares in three Korean companies to raise $514 million
The Korean steelmaker trims its holdings in SK Telecom, KB Financial and Hana Financial as it seeks to raise funds without tapping the debt or equity markets.
By Anette Jönsson | 5 April 2012
M&A
DBS to pay $4.9 billion for Temasek's Bank Danamon stake
The Singapore bank will also make an offer to minority shareholders at a 52.2% premium to the latest close, which could potentially increase the acquisition cost to $7.2 billion.
By Anette Jönsson | 3 April 2012
M&A
CIMB agrees to buy certain RBS businesses in Asia-Pacific
The acquisition will cost CIMB a net $256 million and the bank says it expects 350 to 400 RBS staff to join its ranks, including more than 80 senior managers.
By Anette Jönsson | 3 April 2012
Business Moves
Another shake-up at RBS
Royal Bank of Scotland makes cuts in its Asian equity derivatives business, and restructures its investment product sales and trading operations.
By Rupert Walker | 2 April 2012
M&A
DBS seeks to buy Indonesia's Bank Danamon
Sources say the Singapore bank has made a bid for Temasek's 67.4% stake, which is valued at about $3.2 billion at the current share price.
By Anette Jönsson | 2 April 2012
Equities
Bank of Beijing raises $1.9 billion from domestic placement
The city commercial bank sells shares to nine investors at a 10% discount to the 20-day average, while Citic Heavy Industries outlines IPO plans.
By Lillian Liu | 29 March 2012
Equities
Minsheng Bank raises $1.44 billion from H-share placement
The Chinese lender beats a number of other financial sector issuers expected out of China this year. Also in the market yesterday was Far East Horizon, which sold $371 million ...
By Anette Jönsson | 27 March 2012
M&A
RBS to shut some businesses in Korea, Indonesia and Singapore
The UK bank's cash equities businesses in these three countries and the ECM and corporate finance operations in Korea will not be part of a potential sale to CIMB and will be ...
By Anette Jönsson | 21 March 2012
Equities
Khazanah exits Yes Bank via $106 million block
The Malaysian investment company joins a growing number of international investors taking advantage of a rebounding market to monetise their holdings in India.
By Anette Jönsson | 13 March 2012
Equities
Bank of America cuts CCB stake to 1%
The US bank says it has sold 10.4 billion shares through private transactions. Based on the latest market price, the stake is valued at about $7.4 billion.
By Anette Jönsson | 15 November 2011
Equities
Goldman sells $1.1 billion ICBC stake
The deal is priced at a 6% discount and downsized slightly from the original target as markets tumble during the bookbuilding.
By Anette Jönsson | 10 November 2011
Equities
Temasek confirms $2.8 billion CCB investment
The Singapore investment company bought about one-third of the China Construction Bank shares that Bank of America Merrill Lynch sold through an $8.3 billion private transaction...
By Anette Jönsson | 7 September 2011
Equities
BoA Merrill sells $8.3 billion stake in CCB
The sale of China Construction Bank shares comes on the day that BoA Merrill's lockup expires and is done through a private transaction with a group of undisclosed investors.
By Anette Jönsson | 30 August 2011
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