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Posts Tagged ‘us600m’

Singapore’s UTAC seeks relisting, US$600m IPO : Update

Microchip tester United Test and Assembly Center (UTAC), which was taken over by buyout firms TPG and Affinity Equity Partners in 2007, is seeking to relist in Singapore in an IPO worth as much as US$600 million ($800 million), sources said.

The plan comes as private equity firms, which typically hold assets for three to five years, try to divest those that were bought during the boom years of 2006 to 2008.

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STATS ChipPAC plans US$600m dollar bond sale

Singapore’s STATS ChipPAC (STTS.SI) plans to issue US$600 million ($816 million) of 5-year bonds this week after a series of meetings with investors, a source close to the deal said on Monday. 

The firm will meet investors in Singapore starting on Monday, then in Hong Kong on Tuesday and London on Wednesday, the source said. It will also hold a roadshow simultaneously in the United States, the source added. 

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Sound Global secures US$600m credit line from China Merchants Bank

Sound Global, the China-based turnkey water and wastewater treatment solutions provider formerly known as Epure International, says it has secured a credit line of US$600 million ($837 million) from China Merchants Bank today. Sound Global intends to use this major credit facility to finance the group’s working capital requirements for the wastewater treatment projects undertaken both locally and abroad.

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