Philippines: San Miguel seeks to raise $1.67b via shares sale

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The conglomerate’s board also approved an initial offering of up to P30 billion worth of Series 2 preferred shares also set at P75 per share. San Miguel has yet to file an appropriate registration statement with the Securities and Exchange Commission

Eindec, Singapore’s first IPO in 2016, rises 21% on debut

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The clean air environmental and technological solutions provider Eindec Corporation Limited launched trading on the Singapore Exchange (SGX) Catalist Friday, making it the first listing in the city state in 2016, and its counter opened at S$0.235, higher than the initial public offering price (IPO) of S$0.21. Its shares closed as S$0.255, 21% higher… Read more »


Thai holding co Ingress Industrial submits filing to launch IPO

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Thailand-based holding company Ingress Industrial (Thailand) Pcl is planning to issue 578.44 million shares through an initial public offering (IPO), aiming to use the proceeds for business expansion and debt repayment. The company is wholly held by Malaysia-based Ingress Corporation Berhard (ICB). In this IPO, ICB will sell not exceeding 316.88… Read more »


Singapore: DBS issues fixed notes, start providing SME business loans amidst uncertain 2016 predictions

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DBS Group Holdings Ltd has successfully priced the issue of S$250,000,000 ($173.8 million) fixed rate callable subordinated notes due in 2028, as a component of its $30 billion Global Medium Term Note Programme. According to a release, this is This is DBSH’s first Basel III- compliant Tier 2 issue. The notes… Read more »


China’s new rules for botched initial public offerings rattling underwriters

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Newly approved Chinese rules for IPOs are rattling investment banks as investors can seek compensation immediately if they suffer losses due to false or misleading information in the listing material, bankers and lawyers have told Reuters. Previously, disgruntled investors could only file claims for a botched IPO after China’s securities… Read more »


Singapore: Eindec’s cleantech IPO fully subscribed, raises $5.21m

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Eindec Corporation Limited,  a regional clean air environmental and technological solutions provider, has successfully completed its placement of 35,800,000 shares. As at the close of the placement at 12.00 noon on 13 January 2016, all placement shares were validly subscribed for. Application monies received amounted to a total of approximately… Read more »


In S. Korea’s biggest IPO, Hotel Lotte targets raising up to $5b

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The listing could reach $3 billion to $5 billion, potentially surpassing the $4.04 billion record set in 2010 by Samsung Life Insurance Co Ltd. Korea Exchange forecasts about 20 new listings this year as Hotel Lotte and other large companies bring volume to the IPO market after listing rules were eased.


Exclusive: Singapore-based real estate portal PropertyGuru defers listing plans

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“We are definitely not listing this year. We just closed a round of investment 6 months ago, and we don’t need to list to raise capital. Earlier, when we said we planned to list in 2016, it was before we raised S$175m in fresh investments,” its chief executive Steve Melhuish said.


Indonesia’s Telkom plans to raise $360m via bonds in May or June this year

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Indonesia state owned telecommunication operator PT Telekomunikasi Indonesia Tbk (TLKM), also known as Telkom, plans to raise Rp5 trillion ($359.71 million) from a bond issuance in May or June, said the chief executive (CEO). The proceed from bond issuances and bank loans up to Rp10 trillion will finance costs of… Read more »


6 more foreign institutions, including India’s RBI allowed in China’s interbank FX market

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China has allowed a second batch of foreign institutions to enter China’s interbank foreign exchange market, the country’s central bank said on Tuesday. Six central banks and international financial institutions, including Reserve Bank of India (RBI), Monetary Authority of Singapore and Bank of International Settlements, are now allowed to trade… Read more »