Placements by NewOcean and AA Reit attract strong demand

The deals are upsized to $100 million and $89 million respectively as investors shrug off deteriorating markets to focus on the fundamentals of the issuers.
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NewOcean is about to set up an LPG joint venture with Sinopec
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<div style="text-align: left;"> NewOcean is about to set up an LPG joint venture with Sinopec </div>

Global markets have come under pressure again this week amid a series of unexpected events, including the Boston bombings, slower-than-anticipated growth in China, the collapse in gold prices, as well as disappointing earnings for Bank of America and concerns about weakening demand for Apple products overnight.

But two primary placements yesterday showed that investors are still happy to put money into Asian companies. Both deals were small and came at fairly attractive discounts, but encouragingly they were both upsized after amassing demand from a wide group of investors.

NewOcean Energy Holdings, the Hong Kong-listed liquefied petroleum gas distributor that is about to set up a joint...

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