London Stock Exchange pitches for more Indian rupee bond listings

By
Posted

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

By

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

By

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

By

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

By

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

By

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

By

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 »


Ping An-backed Chinese online lender Lufax plans $5b HK IPO in 2016

By

Chinese online lending platform Lufax, backed by the country’s second largest insurer Ping An Insurance Group Co of China Ltd, plans a Hong Kong initial public offering worth up to $5 billion in 2016, people familiar with the plans said on Thursday. The company has not officially mandated banks to… Read more »


Vietnam: State-owned Lilama IPO fails to attract investors; less than 1% shares subscribed

By

General investors bought only 0.71 per cent equity of Vietnam’s leading EPC contractor Lilama Corporation during its initial public offering (IPO) on November 26, while the state-owned firm offered 23.7 per cent. Institutional investors failed to sign up for the IPO auction while 112 individual buyers subscribed for 1.09 million Lilama… Read more »


Credit Suisse JV becomes first Sino-foreign firm to win China brokerage approval

By

Credit Suisse Group AG said on Thursday that it’s investment banking joint venture in China has won approval to provide securities brokerage services, in a further sign of China’s gradual warming to foreign players in its securities industry. The joint venture, Credit Suisse Founder Securities Ltd, is the first Sino-foreign… Read more »