Page 3 - Jonathan Breen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Jonathan Breen 27 May 2021 Silicon wafer maker GlobalWafers raised $1bn this week from its debut in the equity-linked market, selling the largest convertible bond from a Taiwanese issuer in more than a decade. The company, a leader in Taiwan’s semiconductor industry, offered investors $1bn of five-year zero coupon convertible notes on Monday.Joint bookrunners DBS, Nomura and UBS wall-crossed investors during the day and launched an accelerated bookbuild after markets closed in Taipei. They marketed the CB with a 35% to 50% ... Already a subscriber? Login

By Jonathan Breen 11.15 AM Viva China Holdings raised HK$3.8bn ($491.4m) by offloading a block of shares in Chinese sportswear manufacturer Li Ning Co this week, while Swiss Re exited New China Life Insurance. Viva is a mainland-based company that provides services including sports events production and management and sports-related consultancy.It took the opportunity to trim its stake in Li Ning on Monday, after the stock jumped 5.5% during the day. It is the second time this year Viva has sold ... Already a subscriber? Login

By Jonathan Breen 10.30 AM JD Logistics wrapped up its jumbo Hong Kong IPO on Thursday after a strong turnout from institutional investors, attracted to the company’s fair valuation and its parent’s credentials. The multi-billion-dollar listing is set to be the city’s largest float since the beginning of the year, writes Jonathan Breen. Chinese e-commerce firm JD.com is spinning off its logistics unit in a long-awaited listing that could net up to HK$26.5bn ($3.4bn). Sponsors Bank of America, Goldman Sachs and Haitong International kicked off the roadshow on ...

By Jonathan Breen 11 May 2021 Malaysia’s 1MDB is suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund. The fund and its former subsidiary SRC International have filed 22 civil suits, according to a statement by the Ministry of Finance on Monday. The suits are against an array of individuals and entities including “two foreign financial institutions” that are understood to be Deutsche Bank and JP ... Already a subscriber? L...

By Jonathan Breen 11 May 2021 New Hope Service Holdings, a Chinese property manager, has launched its Hong Kong listing of up to HK$940m ($121m). It already has the support of Xiaomi Corp and Ke Holdings. Sole sponsor and global co-ordinator ABC International kicked off the IPO roadshow on Tuesday and expects to continue taking orders until the retail investor book closes at midday Friday in Hong Kong.The bank is leading a seven-strong syndicate team, marketing a float of 200m shares at HK$3.80 ... Already a subscriber? Login