Tag: rights issue

The country’s fifth-largest lender offers its shares at an average discount of 44.4% to the theoretical ex-rights price of its A- and H-shares. The rights issue will ease China Merchants Bank's capital pressure considerably, however, even after the cash replenishment, CMB’s capital will remain thin compared to other ... MacarthurCook Industrial Reit raises $155.5 million in new capital, including a $15.8 million investment by AMP and a $111 million rights issue. Separately, AMP Capital hires ... Malaysia's RHB Capital agrees to pay $329 million for 80% of Bank Mestika in Indonesia and will fund the deal through a rights issue. The investment and management company is seeking capital to develop its mining business in the Philippines. With yet another deal over $1 billion, Singapore remains the most active market for rights issues in Asia this year. KB Financial Group, the owner of Kookmin Bank, raises $914 million from the rights issue after the underwriters pick up $9 million worth of stock that wasn't subscribed for. Singapore-listed Fortune Reit will add three more shopping centres to its portfolio of Hong Kong retail properties at a total cost of $270 million. The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday. The bank intends to raise money in order to improve its core capital adequacy. The owner of Korea's Kookmin Bank has set the first reference price for its upcoming rights offering at W37,250. Meanwhile, Golden Agri and Pacific Andes say their respective ... The owner of Korea's Kookmin Bank halves its original deal size, while Singapore-listed Neptune Orient Lines says its $996 million rights offering is oversubscribed. BoA-Merrill Lynch, Citi, Credit Suisse and J.P. Morgan lose their mandate for the $1.6 billion deal. The operator of Korea's Kookmin Bank hires Goldman Sachs and Morgan Stanley ... The first of two rights issues from the frozen seafood group finishes 136.8% oversubscribed to raise $73 million. Starhill Global Reit, which is controlled by Malaysia's YTL Corp, is seeking to raise $232 million from a one-for-one rights offering, following the fund-raising examples set ... The deal is underwritten by the parent company and, at $760 million, marks the largest rights issue by a Chinese company so far this year. Another Temasek-investee company sets out to raise capital through a rights issue, which helps to keep Singapore at the top of the rights issuance league table. Warrants with a three-year maturity could increase the total deal size to $480 million. The rights issue receives applications worth more than 214.5% of the offering size. Keppel Land is seeking $478 million from a rights issue that is 90% supported by its parent company, while Maybank says its $1.7 billion deal was 27.7% oversubscribed.