Fund Raising

Ocean Sky to raise as much as $21 mil from rights cum warrants issue

SINGAPORE (May 22): Property developer Ocean Sky International is proposing to undertake a renounceable non-underwritten rights and warrants issue to raise as much as $20.9 million.

Raffles Education to sell 318.6 mil new shares to raise $44.6 mil to pare debt and strengthen working capital

SINGAPORE (Apr 3): Raffles Education is planning to raise $44.6 million in a rights issue to to strengthen its capital base, repay debts and for general corporate and working capital purposes.

Oxley to raise up to nearly $80 mil in private placement

SINGAPORE (Mar 16): Oxley Holdings is selling 156.8 million new shares at 51 cents each in a private placement to institutional investors to raise nearly $80 million.

ESR-REIT launches preferential offering to raise $141.9 mil in proceeds

SINGAPORE (Feb 27): ESR-REIT is launching a preferential offering on the basis of 199 new units for every 1,000 existing units to raise gross proceeds of up to about $141.9 million.

Jubilee to raise $15 mil from rights issue for working capital and fund business expansion

SINGAPORE (Oct 12): Jubilee Industries is proposing a rights cum warrants issue to increase working capital and fund the expansion of its electronic component distribution and precision plastic inj

Broker's Calls

Why CIMB thinks China Jinjiang Environment a ‘hidden jewel’ with unjustified low valuation

SINGAPORE (March 22): CIMB is initiating coverage on waste-to-energy (WTE) operator China Jinjiang Environment (CJE) with an “add” recommendation and a target price of $1.10, drawing attention to t

Results

Lifebrandz's FY16 losses narrow

SINGAPORE (Sept 28): Lifebrandz, the Irish pub operator which is diversifying into goldmining, saw losses from continuing operations narrow slightly to $1.1 million in FY16 from $1.2 million in FY1

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