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Posts Tagged ‘raise’

Thai Sri Trang to raise $336m in Singapore IPO; shares skid: Update

Sri Trang Agro-Industry Pcl (STA.BK), the world’s biggest rubber producer and exporter, plans to raise $336 million in an initial public offering in Singapore, according to a term sheet seen by Reuters.  
After a flurry of confusing statements on Wednesday, when the company first said it had scrapped the IPO because of unfavourable market conditions and then corrected itself, it set a price of $1.20 per share for the IPO.

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Singapore Airlines to raise fuel surcharge from Jan 27

Singapore Airlines (SIAL.SI) will increase its fuel surcharge for tickets issued on or after Jan 27 as a result of the recent escalation in jet fuel price, it said on Friday.

“The adjustments will offer only partial relief from the higher operating costs rising from increases in the price of jet fuel,” said Singapore Airlines in a statement.

 
The increases will range from US$3($3.86)-US$27($34.7), it said, taking the fuel surcharges to between US$28 to US$232, depending on distance and the class of travel.
 
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Hutchison to raise $7.7b from ports spin-off – IFR

Hutchison Whampoa (0013.HK) plans to raise US$6 billion ($7.7 billion) by spinning off its ports business and listing it on the Singapore stock exchange, IFR reported on Tuesday.

Earlier on Tuesday, Hutchison Whampoa said it planned to spin off Hutchison Port Holdings Trust in a separate listing in Singapore. The listing will be completed by March, IFR reported.

 
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Zhongmin Baihui Retail Group to raise $9m from Catalist IPO

Zhongmin Baihui Retail Group, the Fujian-based departmental store operator, has launched its initial public offering (IPO) on the Catalist board.

The group will raise $9 million in gross proceeds through the offering, comprising 30 million new shares at 30 cents each. The shares are offered by way of placement. The new shares to be issued represent 15.3% of Zhongmin Baihui’s enlarged issued share capital after the IPO.

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Motorola Xoom Tries to Raise Bar iPad Set

Apple’s iPad set high standards for the tablet market, but Google’s Android 3.0 Honeycomb operating system, as witnessed running on the Motorola Xoom, looks like a winner. – There’s no question Apple’s iPad set the bar high for tablet computers last
spring. The device has sold anywhere from 13 million to 14.5 million units.
Samsung’s Galaxy Tab sold 1 million units in a few months, but this tablet
is powered by Android 2.2, which not even Google would claim was opti…


Swing Media Technology carries out placement of 290m new shares to raise $11.8m

Mainboard-listed company Swing Media Technology Group says a group of investors has agreed to subscribe to 290 million new ordinary shares in the capital of Swing Media at the price of $0.0409 per share for an aggregate of $11,861,000.

Swing Media says the placement will result in an injection of funds into the company and will enable the Company to repay bank borrowings and increase its working capital in order to fund its existing business operations.

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Technics Oil aims to raise as much as $16m in TDR sale

Technics Oil & Gas, a Singapore- based oilfield services company, aims to raise between $14 million and $16 million selling Taiwan Depositary Receipts, chairman Robin Ting said.
 
Technics Oil won approval from Taiwan regulator to sell 80 million TDRs, each representing 0.5 common share, the company said a statement on Jan. 3.
 
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Angelina Jolie trying to raise her kids as ”individuals”

Angelina JolieAngelina Jolie has revealed that she wants to keep her kids” individuality intact. Jolie said that she tries to give her six children the chance to develop their own personalities. She was also surprised by the hostile reaction to her daughter Shiloh dressing like a boy. The ”Tourist” actress, who raises six kids with partner [...]

Temasek, GIC raise $13b, beat global peers

Temasek Holdings Pte and Government of Singapore Investment Corp. raised about US$9.9 billion ($13 billion) from international investors over the past year, selling more debt and equity than any other state investment firm.

Temasek, based in Singapore, sold almost US$6 billion of bonds since October last year. Temasek-controlled Mapletree Industrial Trust and Global Logistic Properties, GIC’s overseas logistics unit, raised $5.1 billion selling shares in October, accounting for 10% of the record initial public offerings in the Asia-Pacific region that month, according to data compiled by Bloomberg.

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Temasek, GIC raise US$9.9b, most among sovereign firms

Temasek Holdings Pte and Government of Singapore Investment Corp. raised about US$9.9 billion ($13 billion) from international investors over the past year, selling more debt and equity than any other state investment firm.

Temasek, based in Singapore, sold almost US$6 billion of bonds since October last year. Temasek-controlled Mapletree Industrial Trust and Global Logistic Properties, GIC’s overseas logistics unit, raised $5.1 billion selling shares in October, accounting for 10% of the record initial public offerings in the Asia-Pacific region that month, according to data compiled by Bloomberg.

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Gaga, Usher, Kardashian ‘play dead’ to raise money for World AIDS Day

Kim Kardashian has posed dead in a coffin for a new advert promoting The Digital Life Sacrifice, an internet campaign in which stars including Lady Gaga, Justin Timberlake and Usher will quit social networking sites to raise money for charity. As a part of the campaign a host of celebrities will log off social networking [...]

Suntec REIT in private placement of new units to raise $429m

ARA Trust Management, the manager of Suntec REIT, is issuing between 310,725,000 and 320,000,000 new units in Suntec REIT pursuant to a private placement of new units at an issue price of between $1.34 and $1.38 per unit.

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Singapore’s Suntec REIT to raise $429m in private placement: Update

Suntec Real Estate Investment Trust (SUNT.SI), which owns most of Singapore’s Suntec City complex, said on Monday it planned to raise around $429 million via a private placement of new units.

Suntec will issue 310.7 million to 320 million new units at between $1.34 and $1.38 per unit, Suntec’s manager said in a disclosure to the Singapore Exchange.

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Singapore’s Suntec REIT to raise $429m in private placement

Suntec Real Estate Investment Trust (SUNT.SI), which owns most of Singapore’s Suntec City complex, said on Monday it planned to raise around $429 million via a private placement of new units.

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Amtek plans to raise $299m in Singapore IPO: Update

Amtek Engineering, a supplier of precision components to companies such as Sony Corp., plans to raise as much as $299 million by selling shares in Singapore to pay debt and fund expansion.

Amtek plans to sell as many as 230 million shares at $1.30 each, including an over-allotment option, it said in an e-mailed statement today. The shares are scheduled to start trading on the Singapore stock market on Dec. 1.

 
Companies raised a total of $6.61 billion in 29 Singapore IPOs so far this year. The biggest sale was Global Logistic Properties Ltd’s. $3.45 billion deal last month, according to data compiled by Bloomberg.
 
Amtek makes precision metal, plastic and rubber components for companies such as Hewlett-Packard Co., ThyssenKrupp AG and Sony Corp., the company said in its IPO prospectus on the Monetary Authority of Singapore’s website.
 
The company had net income of about US$22 million ($28.8 million) in the year ended June 30, compared with a loss of US$12 million a year earlier. Sales increased 2.1% to US$638 million.
 
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Sabana REIT prices shares to raise $533.4m in IPO

Sabana Shari’ah Compliant Industrial REIT said it plans to raise $533.4 million  in an initial share sale in Singapore to create the world’s biggest Shariah-compliant property trust by assets.

Sabana will sell 508 million shares at $1.05 each, at the mid-point of its pricing range of $1 to $1.10, according to a filing with the Monetary Authority of Singapore. The share sale will help the city-state’s first Shariah-compliant trust to tap rising demand for Islamic financial products. Including shares to key investors, the trust will raise $664.4 million, it said.

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Sabana REIT to raise $637m in Singapore IPO – IFR: Update

Sabana Shariah Compliant REIT, which owns industrial properties in Singapore, has priced its IPO at $1.05 a share, the midpoint of an indicative range, to raise $637 million, IFR reported on Friday, citing sources.

Sabana REIT, Singapore’s first Islamic REIT and the largest Shariah-compliant property trust anywhere, is offering 605.8 million units in the initial public offering (IPO). It had originally set a price guidance of $1.00–$1.10.

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Temasek to raise CCB stake by taking up BoA’s rights: Update

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its China Construction Bank (0939.HK) stake by taking up Bank of America’s (BAC.N) entitlement in the rights issue of China’s No. 2 lender.

CCB (601939.SS) plans to raise up to 61.6 billion yuan ($12 billion) this month in Asia’s biggest rights issue outside Japan to bolster capital after an industry-wide lending binge in 2009.

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Temasek to raise CCB stake by taking up BofA’s rights: Update

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its stake in China Construction Bank (0939.HK) by taking up Bank of America’s (BAC.N) entire entitlement in the rights issue of China’s No. 2 lender.

CCB (601939.SS) plans to raise up to 61.6 billion yuan ($12 billion) this month in Asia’s biggest rights issue outside Japan to shore up capital after an industry-wide lending binge in 2009.

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Temasek to raise CCB stake by taking up BofA’s rights: Update

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its stake in China Construction Bank (0939.HK) by taking up Bank of America’s (BAC.N) entire entitlement in the rights issue of China’s No. 2 lender.

CCB (601939.SS) plans to raise up to 61.6 billion yuan ($11.7 billion) this month in Asia’s biggest rights issue outside Japan to shore up capital after an industry-wide lending binge in 2009. 

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