Tag: rights issue

Equities

Sources say Bank of America Merrill Lynch, Credit Suisse and Morgan Stanley will be involved in the rights issue which may raise up to $11 billion.

By Anette Jönsson | 20 July 2010

Equities

BoCom steals lead on rivals with $4.84 billion rights issue

The rights issue, which will comprise both A- and H-shares, comes just ahead of Agricultural Bank of China's dual listing in Shanghai and Hong Kong which is expected to raise ...

By Anette Jönsson | 7 June 2010

Equities

Indonesia's BLT announces $131 million rights issue

The one-for-one offer, at a 39.7% discount to Terp, sends the company's share price tumbling by 18.6% as investors digest the large increase in share capital.

By Anette Jönsson | 27 May 2010

Equities

Cement producer TCC seeks $297 million from rights issue

TCC will sell the new shares at a 19.9% discount to Terp on a one-for-two basis. The controlling shareholder will cover up to 72% of the deal if necessary.

By Anette Jönsson | 19 May 2010

Equities

Prudential prices $21 billion rights issue at 39% discount

The announcement of the deal, which will be used to fund part of the $35.5 billion acquisition of AIA, clears the way for a Hong Kong listing of Prudential on May 25.

By Anette Jönsson | 18 May 2010

Equities

China Construction Bank plans $11 billion rights issue

The sale will bring the total amount of money sought by the country's four biggest publicly traded banks this year to approximately $26.6 billion.

By Lillian Liu | 3 May 2010

Equities

China Merchants Bank sets rights issue price

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.

By Lillian Liu | 3 March 2010

Equities

China Merchants Bank's rights issue won't address all its capital woes

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 ...

By Lillian Liu | 24 February 2010

Equities

MI-Reit signs AMP Capital as co-sponsor, seeks new capital

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 ...

By Anette Jönsson | 9 November 2009

M&A

Malaysia's RHB buys Indonesia's Bank Mestika

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.

By Sameera Anand | 20 October 2009

Equities

First Pacific launches $282 million rights issue

The investment and management company is seeking capital to develop its mining business in the Philippines.

By Daniel Inman | 16 October 2009

Equities

Genting Singapore launches $1.14 billion rights issue

With yet another deal over $1 billion, Singapore remains the most active market for rights issues in Asia this year.

By Daniel Inman | 10 September 2009

Equities

KB Financial Group's rights issue 98.45% subscribed

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.

By Anette Jönsson | 1 September 2009

Equities

Fortune Reit launches $244 million rights issue to pay for acquisitions

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.

By Anette Jönsson | 27 August 2009

Equities

KB Financial keeps rights issue price at W37,250 per share

The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday.

By Anette Jönsson | 24 August 2009

Equities

China Merchants Bank proposes $2.6 billion rights issue

The bank intends to raise money in order to improve its core capital adequacy.

By Daniel Inman | 18 August 2009

Equities

KB Financial rights issue may raise up to $896 million

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 ...

By Anette Jönsson | 23 July 2009

Equities

KB Financial announces $777 million rights issue

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.

By Anette Jönsson | 13 July 2009

Equities

KB Financial switches bookrunners for rights issue

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 ...

By Anette Jönsson | 30 June 2009

Equities

Pacific Andes International completes rights issue

The first of two rights issues from the frozen seafood group finishes 136.8% oversubscribed to raise $73 million.

By Daniel Inman | 24 June 2009

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