Tag: gdr

The bank expects Taiwan issuers, led by the financial and technology sectors, to remain active in 2010 when it comes to using depositary receipts for capital raisings. The Taiwan company raises capital to pay for its acquisition of E Ink, which will create a single listed entity dedicated to ePaper. The Taiwanese DRAM maker raises $312 million to fund its migration to the next generation technology. Chunghwa Picture Tubes makes use of new rules that allow a 20% discount on follow-ons, but also require a concurrent sale to existing shareholders. The latter attracts minimal ... The deal is priced at a 9.9% discount, which means the issuer is able to cancel the concurrent sale to existing shareholders. Tata Power raises $335 million, while Suzlon increases the offering it launched on Monday to $108 million. Tata Steel sells $500 million worth of GDRs, while Indiabulls Financial Services raises $200 million from a QIP and Suzlon attempts a $100 million GDR sale. Six months after the roadshow, the Taiwanese solar cell manufacturer finally raises some equity capital, but the sharp drop in its share price and a 19% discount means it has ... Study finds that depository receipt programmes on average add over 10% of shareholder value in the first year. The improvement is higher for Chinese companies which add 40% of ... Renhe kicks off its $540 million IPO and immediately runs into a tough challenge as US lawmakers reject the $700 billion bailout package. Gintech postpones its $150 million GDR ... The solar cell manufacturer could raise about $150 million based on current prices, but bookbuilding will start only if early feedback is positive. Fresh data from Bank of New York Mellon show DR trading turnover increased by 85% in the first half of this year, despite thin issuance volumes. Pakistan's largest cement producer raises $109 million after corrections in the stockmarket and the value of the local currency conspire to reduce the anticipated deal size. Strong regional demand for cement and an outperforming stockmarket are key selling points as Pakistan's largest cement producer goes on the road with a $150 million deal. The underlying stock trades up in the wake of the $1.35 billion offering, which was completed at a tight 2.7% discount. The Taiwanese maker of LCD displays and monitors will tap new investors after its shares gain 260% in the 12 months since its IPO. The manufacturer of mobile phone screens raises $120 million at a 6.4% discount on the back of positive third-quarter earnings. About 60 investors participate in the combined QIP and GDR offering, while a concurrent preferential share sale allows the bank to reap more than $1 billion in total. The deal marks the first international fund raising by an Indian real estate firm. The government is able to double its initial sell-down target for United Bank, resulting in a total deal size of $653 million.