Japanese investor keen on strategic stake in Vietnam Airlines

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A Japanese investor may be exploring the possibility to become a strategic shareholder in Vietnam’s flag carrier Vietnam Airlines, which made its initial public offer (IPO) last year, according to the government’s Transportation Newspaper (Bao Giao thong) which reported a meeting between the deputy minister of transport Pham Viet Thanh and… Read more »

Thailand’s SCI Electric files for IPO, to use funds for ASEAN expansion

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SCI Electric PCL (SCI), one of Thailand-based electricity turnkeys, has submitted the first filing today to sell 187.5 million shares in an initial public offering (IPO), aiming at mobilising funds to invest in ASEAN countries. The IPO shares will be equivalent to 25 per cent of the company’s registered capital… Read more »


India: Elder Pharma surges 16% as company considers sale of overseas unit

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Shares of Elder Pharmaceuticals Ltd rose as much as 16.4% after the company said in a notice to BSE that its board will meet on 28 September to consider selling its overseas arm. The stock touched a high of Rs.117.40 in trades on Thursday morning. Since 8 September, it has… Read more »


India: Lenders take over Visa Steel under SDR rules

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Visa Steel Ltd said that its lenders had decided to convert debt into equity by invoking strategic debt restructuring (SDR) rules. “Visa Steel Ltd has informed BSE that the lenders of the company, in its Joint Lenders Forum (JLF) meeting held on 22 September 2015, have decided to invoke strategic… Read more »


India: CCD parent likely to launch IPO in mid-October

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Coffee Day Enterprises Ltd (CDEL), the holding company of the Cafe Coffee Day (CCD) chain of restaurants founded by V.G. Siddhartha, is planning to launch its $175 million (Rs.1,150 crore) initial public offering (IPO) by the middle of October, two people aware of the development said. “The company’s investor road… Read more »


India: Energy firm OGPL raises $38m via preferential allotment

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Renewable energy power producer Orient Green Power Co. Ltd (OGPL) has raised $38 million (Rs.250) crore through preferential allotment of shares to its existing promoter Shriram Venture Ltd (SVL) and subsidiaries and financial investors, including EW Special Opportunities Fund II Pte. Ltd, Ecap Equities. OGPL will use these funds as… Read more »


India: VLCC Health Care files draft IPO papers with Sebi to raise $90-100m

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VLCC Health Care Ltd, which runs beauty and wellness centres, on Wednesday submitted its draft initial share sale documents with the capital markets regulator Securities and Exchange Board of India (Sebi), to raise between $90-100 million (Rs.600-700 crore). On Tuesday, Mint reported that VLCC will be filing its draft IPO… Read more »


Singapore Exchange faces test as China-led boom fades

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The new head of Singapore Exchange Ltd, which was hit hard in its derivatives trading by China’s economic slowdown, could face his toughest questions yet at an annual shareholders’ meeting on Wednesday as pressure mounts to find new sources of revenue. Trading in one of the exchange’s key futures contracts… Read more »


Investors harbour doubts over Malaysia’s stock market rescue plan

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Investors have voiced doubts over potential conflicts of interest posed by Malaysia’s plan for an equity fund to buy “undervalued” shares, reflecting their growing unease as a scandal over an indebted state fund engulfs Prime Minister Najib Razak. Last week, Najib announced a series of measures to support the economy…. Read more »


India: FTIL to sell 19% stake in Indian Energy Exchange for $62m

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Financial Technologies India Ltd (FTIL) has entered into an amended share purchase agreement with a clutch of buyers to sell its 19.06 per cent stake in Indian Energy Exchange (IEX) for Rs 409.95 crore. FTIL holds a nearly 26% stake in the energy exchange. The company on June 18 announced… Read more »