Page 6 - Jonathan Breen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Jonathan Breen 08.00 AM A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter. Korea Deposit Insurance Corp (KDIC) turned to investors on Thursday, offering 14.4m of its shares in Seoul-based banking and finance giant Woori Financial. The block represented 2% of the group’s share capital.Bookrunners JP Morgan, Mirae Asset Securities and Samsung Securities held an accelerated bookbuild for the deal ... Already a subscriber? Log...

By Jonathan Breen 09 Apr 2021 Anjuke Group, a Chinese real estate services platform that is backed by high profile investors like Tencent Holdings, Warburg Pincus and General Atlantic, is seeking approval for a Hong Kong IPO. The Shanghai-headquartered company was founded in 2007 and has grown to be the Mainland’s leading real estate listing platform. The firm counts China's Tencent among its largest shareholders, with the internet giant holding the second largest pre-IPO stake in the issuer. The largest shareholder is Anjuke’s chairman Jinbo Yao, ... Already a subscriber? ...

By Jonathan Breen 07.45 AM Chinese online travel giant Trip.com Group is set to launch bookbuilding for its Hong Kong secondary offering this week, after getting the go ahead from the city’s bourse. The issuer owns China’s leading online travel sites Ctrip, Trip.com and Qunar, as well as Scotland-headquartered travel agency and flight search engine Skyscanner.CICC, Goldman Sachs and JP Morgan are joint sponsors of the deal. Trip.com is already listed on the Nasdaq, where its American depository shares (ADS) ... Already a subscriber? Login

By Jonathan Breen 17 Mar 2021 US private equity firm Carlyle has raised Rp39bn ($540m) after offloading a block of shares in SBI Cards and Payment Services, according to a source close to the deal. The vendor has sold approximately 40m of its shares in the company, a subsidiary of State Bank of India. It hit the market on Tuesday, initially looking to sell 38m shares, equal to 4.04% of SBI Cards' total outstanding share capital.Sole bookrunner Bank of America took orders ... Already a subscriber? Login

By Jonathan Breen 17 Mar 2021 The controlling shareholder of Thailand’s Stark Corp has sold a chunk of his shares in the company, raising Bt3.77bn ($122.4m) after pricing the deal towards the top of price guidance. Vonnarat Tangkaravakoon, a member of one of Thailand’s wealthiest business families, turned to investors on Tuesday to sell 952m of his shares in Stark, equal to 8% of its share capital. Stark is an investment company that focuses on manufacturing and services in the industrial sector. Its main business ... Already a subscriber? ...