The notes may price as early as today, the person said, asking not to be identified as details are private. DBS Group Holdings is managing the sale, the person said.
Yangzijiang Shipbuilding Holdings, China’s fourth- biggest shipbuilder whose shares are traded in Singapore, expects to raise NT$3.72 billion ($157.5 million) by listing Taiwan depositary shares, Stanley Chu, a spokesman at the Taiwan Stock Exchange, said by phone in Taipei.
The opposition SNS party has called on the government to scrap plans to sell its share in Telekom Srbija.
The country would suffer multiple damages to its economic interests if the sale went through, SNS official Marko Äurić told a news conference in Belgrade on Sunday.
CapitaLand (C31.SG) off 0.3% at $4.04 in light trade, hardly swayed by developer’s $969.6 million sale of 28 serviced residence properties held by wholly-owned Ascott to Ascott REIT (A68U.SG), says Dow Jones.
“The impact on CapitaLand is likely to be muted” as developer will realise mere $52.1 million gain, although remaining proceeds expected to be re-invested, says Citigroup; has Buy call with $4.34 target. Shares likely to hold above $4.00.
CapitaLand’s (C31.SG) $969.6 million sale of 28 serviced residence properties held by wholly-owned Ascott will enable developer to unlock value from portfolio, boost recurring fee income, says Deutsche Bank according to Dow Jones..
Deutsche Bank, which has a Buy call with $4.83 target, adds sale gives Ascott financial capacity to capitalise on opportunities in Asia, Europe, bringing it closer to meeting its target of having 40,000 apartment units by 2015 vs 26,000 units now.
Thai Airways International Plc said plans for a budget airline alliance with Singapore’s Tiger Airways won’t be affected by news that two big Tiger shareholders and its chief executive sold discounted shares in the budget carrier.
Tiger said this week that substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.
Sound Global (E6E.SG) off 7.8% at 6-session low of $0.71 in active trade as proposed sale of up to RMB885 million ($176.4 million) worth of convertible bonds fuels dilution concerns, says Dow Jones.
Amount of shares to be issued, assuming full conversion without upsize option exercised, represents 11.36% of existing share capital.
The notes may price to yield about 5.75% while the total issue size may be increased to $100 million, the person said, asking not to be identified as details are private.
Tiger said substantial shareholders Indigo Singapore Partners and Ryanasia, along with chief executive Tony Davis, sold 65.796 million Tiger shares at a discounted price of $1.90 in a transaction worth about $125 million.
Mainboard-listed property group Ho Bee Investment says wholly-owned subsidiary Ho Bee Developments has entered into separate contracts for the sale of two investment properties.
The two sales will yield a gain of $31 million for the current financial year ending 31 December 2010. Ho Bee says proceeds from the sales will be used to reduce the group’s borrowings and provide additional working capital for the group’s businesses.
Natural Cool Holdings, one of the leading providers of integrated climate management and switchgear solutions, says wholly-owned subsidiary, Natural Cool Investments (NCI) has completed the sale and leaseback of the group’s land and building at 29 Tai Seng Avenue.
This follows the related resolution passed at the Extraordinary General Meeting of the company held on July 30.
Biosensors International Group says it had received approval for its BioMatrix drug-eluting stent system from the Department of Health in Taiwan.
“We are delighted to have obtained regulatory approval for sale of BioMatrix in Taiwan, an important regional market with a high rate of coronary stent usage,” says Jeffrey B. Jump, President and CEO of Biosensors. “This is further confirmation of the proven safety and efficacy of our products, and reflects our ongoing commitment to expanding treatment options for physicians and improving quality of life for patients.”
The BioMatrix drug-eluting stent system received CE Mark approval in January 2008 and is currently commercially available in more than 70 markets around the world.
{jcomments on}
The consultant for the sale of the state share inb Telekom Srbija is expected complete their report in the next several weeks.
After this, the government will decide on the actual percentage and model for the sale of the state share in the telecommunications company and will publish a public invitation to all those interested to submit their offers, Minister for Telecommunications and Information Society Jasna Matić says.
The Holmby Hills mansion where Michael Jackson died is getting a serious boost in security so that nobody messes with the super-expensive property while it’s up for sale. Now that people know that the home is vacated and for sale, the property owners have increased security to keep it safe, reports TMZ. The owners are [...]
CWT, the provider of integrated logistics solutions, announced a net profit attributable to owners of $155.4 million for the three months ended 30 June 2010 (2QFY10) from $8.71 million in 2QFY09. Revenue for the quarter grew 24% to $182.8 million from $146.9 million.
For the half year (1HFY10), net profit grew to $166.1 million from $17.9 million.
Mainboard-listed Thakral Corporation, the distributor of consumer electronics brands like Apple, Canon and Casio, says it achieved a record net profit of $31.8 million for the first half of FY2010.
The increase was boosted by a $28.7 million gain from the sale of its investment in Gateway Distriparks Limited (GDL) in India in 2QFY10.
Lack of investor participation not surprising as players likely holding back pending supply chain manager’s 2Q10 results due Aug 12. Still, Middlemount divestment deemed positive.
