rights issue

Offshore & Marine

Sembcorp Marine fails to win full support on rights issue

Sembcorp Marine (SembMarine) has failed to win full support on its 5-for-1 rights issue.

Aviation

SIA to use $2.2 bil from rights issue proceeds to fund operating expenses, aircraft purchases, and debt service

Singapore Airlines announced on August 19 that it will be using a further $2.2 billion out of the gross proceeds of the $8.8 billion raised from the rights issue to fund its operating expenses, set

REITs

IREIT exercises call option for Spanish office buildings, plans rights issue

On Aug 7, IREIT Global’s manager announced it plans to exercise the call option to acquire the 60% of four Spanish properties it does not own from Tikehau Capital, for around €47.8 million.

REITs

Dasin Retail Trust issues 120.5mil new units following private placement; to raise up to $94m in rights issue

SINGAPORE (July 7): The manager of Dasin Retail Trust announced Tuesday that 120,512,000 new units will be issued today at the price of 78 cents per new unit.

Company in the news

Asian Pay Television Trust to use $46.2 mil from rights issue for partial repayment of offshore facilities, and fees

SINGAPORE (June 30): Mainboard-listed Asian Pay Television Trust (APTT) says that it will be fully utilising the $46.2 million raised from its rights issue.

Commodities

Halcyon Agri to raise $174.7 mil via rights issue of new shares

SINGAPORE (June 22): Halcyon Agri has announced it is undertaking a renounceable non-underwritten rights issue to raise net proceeds of $174.7 million in a bid to strengthen its capital s

Broker's Calls

UOBKH turns bearish on SIA, recommends 'taking profit'

SINGAPORE (June 22): About a month ago, UOB KayHian (UOBKH) was one of few brokerages that was optimistic about Singapore Airlines’ prospects.

Aviation

SIA to use $2.2 bil from rights issue to repay bridge loan facility with DBS, fund operating expenses

SINGAPORE (June 16): Singapore Airlines (SIA) announced that it will be using $2.2 billion out of the gross proceeds of the $8.8 billion raised from the rights issue, to repay the $2 billion bridge

Broker's Calls

Sembmarine to benefit from rights issue despite tough business environment: RHB

SINGAPORE (June 9): RHB Group Research analyst Leng Seng Choon is reiterating a “buy” call on Sembcorp Marine (Sembmarine) with a target price of $1.13, representing a 32.9% upside for the stock. 

Aviation

SIA secures $10 bil from rights issue and secured and unsecured credit facilities to 'tackle challenges' posed by Covid-19

SINGAPORE (June 8): Singapore Airlines (SIA) has raised $10 billion of liquidity through its recent rights issue, as well as a mix of secured and unsecured credit facilities.

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