Korea Investment and Securities

Samsung Engineering’s W1.27tr ($1.06bn) rights issue has been 99.9% covered, with the remainder to be sold to the public, according to a source close to the deal.

Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.

South Korea’s stock market regulator has approved Hotel Lotte’s plans for an IPO, which could raise as much as $5bn and take the title of the largest listing in the country.

Hotel Lotte could raise as much as $5bn from its IPO, expected as early as March, and land the title of the largest ever listing in South Korea in the process, according to market sources.

ARA Asset Management is looking to raise around S$152m ($107m) from an 18-for-100 rights issue, as the firm looks for more flexibility to meet its funding needs.

Summarecon Investment Property (SIP), a unit of Indonesian property giant Summarecon Agung, is looking to raise $200m-$250m in an IPO, with banks on the trade expecting to open books in October or November.

Lotte Group has shortlisted seven candidates for the proposed listing of its hotel chain business, having sent out a request for proposals last month.