India: Market regulator relaxes norms for stock exchanges to tap IPO route, list shares

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The Securities and Exchange Board of India, or Sebi, on Monday amended the existing stock exchanges and clearing corporations (SECC) regulations to make it easier for the stock exchanges to list their shares through an initial public offering (IPO). The move comes in response to demands from investors in stock… Read more »

Indonesia Dealbook: Mahaka Radio to launch IPO; Astra Sedaya to issue bonds worth $145m

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PT Mahaka Radio Integra, a radio broadcasting company owned by Mahaka Group, is set to offer up to 30 per cent of its enlarged capital while consumer financing firm PT Astra Sedaya Finance plans to issue bonds worth Rp2 trillion ($144.93 million) in the second quarter next year to fund its… Read more »


Thailand: AMATA VN sets IPO price, expects to garner $35m

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Amata VN, a Vietnam-based industrial estate developer and subsidiary of Thailand’s second largest industrial estate developer AMATA Corp, expects to raise about 1.25 billion baht ($35 million) through IPO after its IPO share price is announced at 7.50 baht ($0.21) apiece. This will be the first Thai company that raises fund… Read more »


London Stock Exchange pitches for more Indian rupee bond listings

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The London Stock Exchange (LSE) is wooing Indian rupee bond issuers to list on it, close on the heels of HDFC announcing its intent to list its rupee bond issuances in London. In a meeting on Friday with prominent state-run companies exploring bond issuances, LSE pitched its large investor base… Read more »


Toshiba looks at spinning off, listing chip business to fund restructuring

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Toshiba Corp said on Friday it was considering splitting off part of its chip business, with listing it an option, in a move that would help it raise capital needed to fund restructuring following a $1.3 billion accounting scandal. Toshiba is in urgent need of restructuring after profit-padding revealed a… Read more »


Warburg Pincus-backed ACB India may skip IPO launch for the third time

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Global private equity major Warburg Pincus-backed coal washing firm ACB (India) Ltd is unlikely to go ahead with its third attempt to file an initial public offer (IPO) in the last five years, according to two people aware of the development. ACB (India) filed for an IPO for the third… Read more »


Reserve Bank of India allows foreign investors to buy distressed corporate debt

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India‘s central bank is allowing foreign investors to buy corporate bonds that are either totally or partly in default, it said on Thursday, a potential boost to the country’s nascent distressed debt market. “This will provide an exit to existing investors and also help in reducing the level of stress… Read more »


Singapore: Malaysia’s Axcelasia shares list higher on Catalist; raises $8.44m in IPO

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Malaysia-based tax advisory firm Axcelasia made its debut on the Catalist secondary board of the Singapore Exchange (SGX) trading 2 per cent higher reaching S$0.255 in morning session (11:14 am). The firm raised approximately S$11.9 million ($8.44 million) by placing out 47.5 million shares at S$0.25 each. Its shares opened at S$0.26 today…. Read more »


Sembcorp to list Indian firms via IPO in 2-3 years: Report

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Singapore-based Sembcorp Industries, a major conglomerate with interests in energy, water and marine verticals, has invested $3.7 billion in India over the last five years and is looking for acquisitions in the thermal energy segment, even as it considers conducting an initial public offering (IPO) in India in the next… Read more »


Denmark’s Bang & Olufsen’s shares soar with buyers’ approach

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Danish high-end stereo and TV maker Bang & Olufsen said it had received approaches regarding a potential takeover offer, sending its shares soaring by more than 30 percent. Bang & Olufsen, known for its exclusive design and for producing TVs at prices of up to 60,000 Danish crowns ($8,540) has… Read more »