Fund Raising

Equity raising

Biolidics issues 17.9 mil shares in placement exercise to raise $3.1 mil

SINGAPORE (Mar 16): Cancer solution specialist Biolidics is raising $3.13 million from a share placement exercise mainly to expand the group’s businesses.

Grab raises US$850 mil to expand into financial services

SINGAPORE (Feb 25): Grab, Southeast Asia’s most valuable startup, raised more than US$850 million ($1.2 billion) from Japan’s Mitsubishi UFJ Financial Group Inc and TIS Inc to bankroll its expansio

In print this week

What's behind Alibaba’s quest to raise US$30 billion?

SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors.

Tech

What's behind Alibaba’s quest to raise US$30 billion?

SINGAPORE (Aug 12): Why would a hugely profitable, cash-flush firm raise more money than has ever been raised by a listed company? That is the question befuddling investors.

Equity raising

Frasers Centrepoint Trust in equity fund raising for at least $422 mil

SINGAPORE (May 16): The manager of Frasers Centrepoint Trust (FCT) has proposed an equity fund raising to raise gross proceeds of no less than $421.7 million.

Disruption and Digitalisation

Grab explores spinning off financial services business: sources

SINGAPORE (May 8): Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin

Results

First Sponsor posts 39% increase in 1Q earnings to $23.8 mil; to launch rights issue of perps

SINGAPORE (Apr 25): First Sponsor Group announced that its 1Q19 earnings increased 39% to $23.8 million, compared to $17.1 million in 1Q18.

Equity raising

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.

FLT says 152 mil new units sold to raise $147 mil in preferential offering

SINGAPORE (June 11): Frasers Logistics & Industrial Trust (FLT) announced that about 152 million preferential offering new units were issued at 96.7 cents per unit, raising approximately $147.1

Broker's Calls

A vote of confidence for Moya

SINGAPORE (June 5): RHB is maintaining its “buy” call on Moya Holdings with a target price of 14 cents.

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