Saudi Arabia is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the crude oil exploration and production operations of state oil giant Saudi Aramco, sources familiar with official thinking said. Some Aramco managers have been informed that the company is looking at listing… Read more »
Eindec Corporation Limited, a regional clean air environmental and technological solutions provider, could potentially be the first initial public offering (IPO) in Singapore for 2016, following the registration of its offer document for an IPO on the Catalist board of the Singapore Exchange (SGX) on January 6. With an operating history tracing back to… Read more »
Despite macro-economic uncertainties, The Stock Exchange of Thailand (SET) stays positive to achieve its target of market capitalisation of initial public offering (IPO) offerings issued this year. Kesara Manchusree, president of the SET, earlier told the media that it projected the IPO market cap would increase from 220 billion baht ($6.03 billion)… Read more »
The options include the listing “of an appropriate percentage of the company’s shares and/or the listing of a bundle (of) its downstream subsidiaries”, the firm said in a statement.
GS Holdings, a centralised commercial dishwater washing company, has launched its IPO on the Catalist board of the Singapore Exchange. They have issued a placement of 24 million shares at 25 cents apiece, which is expected to raise total gross proceeds of S$6 million ($4.18 million) and net proceeds of about… Read more »
Three companies will likely hit the market this month with initial public offerings (IPOs) that will test the nerves of investors, on edge because of the contagion effect from China.The IPOs will serve as a litmus test of investor appetite in a month that has started on a tumultuous note, with the BSE Sensex losing about 1,000 points, or 4.5%, in the first week.
The China Securities Regulatory Commission (CSRC) said it will manage the pace of new share listings to ease pressure on the stock market, as Beijing seeks to tamp down rising volatility after markets plunged over 10 percent this week. “We will make rational arrangements regarding IPO approvals in order to… Read more »
Standard & Poor’s cut its credit rating on Noble Group to junk, adding to concerns about financing costs for Asia’s biggest commodity trader a week after a similar downgrade by Moody’s Investors Service and sending its stocks and bonds sliding.
GETABEC PCL (GTB), one of Asia’s major steam boiler manufacturers, is expected to be traded on the Market for Alternative Investments (MAI) in the first quarter of 2016. In October, it submitted the filing to the Office of Securities and Exchange Commission to issue 240 million shares through an initial… Read more »
Standard Chartered has appealed to China’s central bank to shorten a ban imposed in December and running through March. DBS’s ban is shorter than three months. Suspensions on settling offshore clients’ yuan transactions in the onshore market were imposed last month by the People’s Bank of China.