Equity raising

Anchor Resources undertakes private placement to repay bond investors
SINGAPORE (Apr 9): Anchor Resources, the Malaysian goldmine operator, is selling 143.8 million new shares  at 1.53 cents each to 18 investors in a private placement to raise $2.15 million. The issue price represents a discount of 10% to Anchor’s volume weighted average price of 1.7 cents for trades done on April 3, the full market day before its trading halt on April 4. Of the ...
Uni-Asia selling 5.4 mil new shares at $1.08 each for property investment
SINGAPORE (Mar 27): Uni-Asia Group has entered into a placement agreement with Maybank Kim Eng Securities to issue up to about 5.42 million new ordinary shares in the company at $1.08 each. The issue price represents a discount of about 9.98% to the volume weighted average price of $1.1998 per share as at the close on Monday. Currently, the group has about 47 million issued shares, of which ...
First Sponsor plans rights and bonus issues to raise up to $399 mil
SINGAPORE (Mar 25): First Sponsor Group is undertaking a rights issue of securities with detachable warrants as well as a bonus issue to raise up to $399.3 million for expansion. This comes after the property developer aborted plans for a rights issue involving warrants exercisable into perpetual convertible capital securities which are, in turn, convertible into ordinary shares. In its ...
Sino Grandness selling 170 mil new shares at 4 cents each to JW Capital
SINGAPORE (Mar 25): Sino Grandness Food Industry has entered into a placement agreement to sell 170 million new shares to JW Capital Group at 4 cents each for 6.8 million. The issue price represents a discount of 6.98% to the volume weighted average price of 4.3 cents per share, as at Mar 22. The placement shares represent 17.36% of the group’s issued share capital and about 14.79% of the ...
Keppel Infrastructure Trust selling new units to raise $450 mil
SINGAPORE (Mar 14): The trustee-manager of Keppel Infrastructure Trust (KIT) announced Thursday is launching a rights issue to raise gross proceeds of $450 million. This will be by way of a placement of new KIT units to institutional and other investors, as well as a non-renounceable underwritten preferential offering of new units to KIT unitholders. The equity fund raising is intended to ...
Raffles United proposes $12 mil rights issue; another shareholder called up by CAD
SINGAPORE (Jan 10): Raffles United Holdings is seeking to raise up to $11.7 million by proposing to undertake a renounceable, non-underwritten rights issue of up to 234 million new rights shares at 5 cents each. This represents a discount of about 39% to the counter’s closing price on Jan 8, the last trading day prior to the announcement. Assuming full subscription, the net proceeds are ...