Page 4 - Jonathan Breen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Jonathan Breen 06.00 AM Property developer and manager Kaisa Group Holdings has raised HK$2.59bn ($332.97m) from shareholders of its Hong Kong listed stock, to be partly used to fund an acquisition. The company issued 876.5m new shares for the transaction, offering one rights share at HK$2.95 for every seven existing shares. The price represents a 22.7% discount to the theoretical ex-rights price of HK$3.82.The offer drew 114 acceptances and 103 applications for excess rights shares. The combined demand reached ... Already a subscriber? Login

By Jonathan Breen 09.15 AM The Philippines’ equity capital markets got another boost this week as Monde Nissin Corp was swamped by investors placing pre-launch bids for its upcoming billion-dollar IPO, set to be the country’s largest ever listing. The market is shaping up to be one of the busiest in southeast Asia this year, tapping into growth in the consumer sector. Jonathan Breen reports. Food and beverage company Monde Nissin’s listing will put 2021’s ECM deals at double the volume for the entirety of last year, according to Dealogic data. Already this ...

By Jonathan Breen 05 May 2021 Tiangong International’s share price slid after the Chinese steel production company priced a HK$844m ($108.6m) share placement near the bottom of the marketed range. On Tuesday night in Hong Kong, Tiangong turned to investors with an offer of 200m shares, looking to raise capital for expanding an industrial park in Thailand and funding the development of new precision tools.The company was selling the stock through a top-up placement at HK$4.20 to ... Already a subscriber? Login

By Jonathan Breen 05 May 2021 SF Real Estate Investment Trust has launched bookbuilding for its Hong Kong listing. It is aiming to raise up to HK$2.68bn ($345.4m) from the city's first Reit IPO in a year and a half. Chinese delivery company SF Express formed the trust to monetise its logistics properties on the mainland. It is offering 520m units, equal to 65% of the Reit.DBS, the sole listing agent and a joint bookrunner with Credit Suisse and JP Morgan, opened the IPO on Wednesday. It ... Already a subscriber? Login

By Jonathan Breen 30 Apr 2021 Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter. The company is the energy business of Philippine conglomerate Ayala Corp. It sold 1.9bn shares on Thursday at Ps6.50, near the floor of the original Ps6.00 to Ps8.20 guidance range, said the source.AC Energy held a two-day bookbuild for institutional investors this week, ending on Wednesday. BPI ... Already a subscriber? ...