Tag: placement

Eight sellers, led by Korea Exchange Bank, raise $817 million from the sale of a 6.7% stake in Hynix Semiconductor after failing to exit the Korean memory-chip maker through a ... An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to ... The Chinese maker of airplanes and helicopters catches the eye of global investors following a strong share price run over the past 12 months. TPG sells part of its holding at a tight discount following a jump of 50% in Lenovo's shares during the past six months. The deal is upsized by more than 50%, allowing the former chairman to raise about $600 million in his first sell-down in three years. Chu Kong Pipe seeks capital to expand its production. Meanwhile, China Oil and Gas tapped the market for $80 million last night through a top-up placement at a 16.7% discount. ZTE raises $338 million and TCC International pockets $109 million, while the controlling shareholder in Bawang reduces its stake to make another $132 million worth of shares ... The final price is fixed slightly below the mid-point of the indicated range, but the deal attracts “strong” demand from over 100 investors. The company's second sale of treasury shares in four months is almost entirely bought by insurance company LIC. The Chinese property company upsizes in full, but prices at the bottom as investors are clearly becoming more price sensitive. In a separate deal, an existing shareholder sells ... The 3% block is covered in 30 minutes, but prices below the mid-point for a 7.6% discount. Follow-through buying pushes the Korean steel maker 2.9% higher in the wake of the transaction, which came at a 3% discount. The deal is upsized by 25% after a recent share price rally proves not to be a deterrent. Investors flock to the deal believing it is a precursor to asset injections from controlling shareholder PetroChina. The Indian aluminium producer increases the fixed-price deal from $350 million after strong demand from foreign investors. The state agency, which holds Woori shares on behalf of the government, raises $745 million from the sale. As Digital China's share price hovers at record levels, venture capital fund SAIF cashes in, but retains three-quarters of its investment. The Singapore-listed Chinese developer raises $111 million, while K-Reit Asia pockets $444 million from a rights issue that was oversubscribed despite a tight discount. The upsize option is utilised in full as investors endorse the company's transformation into Indonesia's second largest coal mining contractor, but the price is fixed towards ... Investors are happy to turn their attentions to something other than real estate, but poor trading in Asia and Europe make them ask for the maximum 10.9% discount.