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GC Asia
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Aston Martin preps huge financing package to fund electric future
Aston Martin, the British luxury carmaker, has arranged a new financing package to strengthen its balance sheet and cash reserves as it embarks on an ambitious new partnership with German car giant Mercedes-Benz, to start producing electric cars.
01.00 PM -
Aeroflot lands equity raise with strong government support
Russian airline Aeroflot completed its Rb80bn ($1.05bn) capital raise on Monday, aimed at repairing its balance sheet by repaying debt, with the Russian state increasing its stake in the carrier.
27 Oct 2020 -
Aedifica rights issue attracts 84% take-up
Aedifica, the Belgian real estate company that specialises in care homes for the elderly, has secured an 83.7% take-up for its €459m rights issue.
23 Oct 2020 -
Unibail cash call threatened as rebel alliance swells stake
Unibail-Rodamco-Westfield’s rights issue is under increased threat from a group of rebel shareholders that disagree with the company’s vision to reset its business. These shareholders have rapidly surpassed the 5% threshold, according to a filing with the with the Autorité des Marches Financiers, after which they have to disclose their holdings.
22 Oct 2020 -
Idorsia completes rights issue for drug commercialisation
Swiss biotechnology company Idorsia has completed its Sfr575m ($629m) at-market rights issue to fund the commercialisation of insomnia drug daridorexant.
21 Oct 2020 -
Mapletree Trust goes for the top with S$650m placement
Singapore-listed Mapletree Logistics Trust has raised S$650m ($479.8m) in fresh equity after boosting the size of its placement.
21 Oct 2020 -
Mapletree eyes S$650m for property acquisitions
Singapore-listed Mapletree Logistics Trust is funding an acquisition spree of logistics assets in Asia by tapping the equity market for up to S$650m ($479m).
20 Oct 2020 -
China’s SDIC recharges with $201m GDR listing
Shanghai-listed SDIC Power Holdings has priced its $200.6m London offering of Global Depository Receipts (GDRs) at the bottom of the marketed range.
19 Oct 2020 -
Evergrande slashes $1bn top-up for cautious buyers
China Evergrande Group this week tapped the equity capital markets for HK$4.3bn ($554.9m), making its first primary share sale in five years. But the fundraising did not go as planned, with the embattled property developer nearly halving its initial target after investors called for a smaller deal. Jonathan Breen reports.
15 Oct 2020 -
Malaysia’s Sunway Reit builds $171m follow-on
Malaysia’s Sunway Real Estate Investment Trust (Reit) pocketed MR710m ($171.2m) in fresh equity this week from a follow-on offering of new units.
15 Oct 2020
