Thailand’s Jasmine Broadband Internet Infrastructure Fund plans to launch a rights share offer of up to Bt25bn (US$807m) in the fourth quarter, a person with knowledge of the transaction has said.
Shenzhen and Hong Kong-listed Bank of Zhengzhou plans to raise Rmb6bn (US$872m) from a proposed private placement of A-shares.
Indian wealth management firm Ask Investment Managers has put a Rs10bn (US$145m) IPO slated for later this month on hold, sensing weak investor sentiment, people with knowledge of the transaction said.
India’s Care Ratings has put it managing director and chief executive on leave after the market regulator received an anonymous complaint, according to a release from the rating agency.
HSBC has hired Zuocheng Ding from Standard Chartered as head of loan origination for China.
The China Securities Regulatory Commission has approved the IPO registration applications of three Shanghai tech board candidates that plan to raise a combined Rmb3.15bn (US$458m).
Former JP Morgan banker Catherine Leung pleaded not guilty on Thursday to charges that she bribed the chairman of Kerry Logistics Network in an attempt to win a role on a Hong Kong IPO.
Elders, an Australian provider of agricultural support services, has raised A$100m (US$70m) from a 1–for–6.7 institutional rights offer and a placement to purchase a wholesaler serving independent rural retail stores.
CapitaLand Commercial Trust has raised S$220m (US$162m) through the sale of 105m new shares at S$2.095, according to a term-sheet.
Chinese software and IT services provider Iflytek has raised Rmb2.93bn (US$426m) from a private placement of 108m A-shares, or 5% of its enlarged capital, at Rmb27.10 per share to ten investors.
Top Stories from this week's IFR Asia magazine
Friday 1600 Hong Kong / Friday 0900 London
Deutsche Bank’s exit from the Asian equity market raises a familiar question that has plagued international banks since the global financial crisis. Can a global bank ever make money in Asian equities?
India’s bond bankers finally have something to celebrate, and it has nothing to do with cricket.
The Republic of India has set ambitious targets for its long-awaited debut in the US dollar bond market as it seeks to ease pressure on the domestic market.
Australia’s prudential regulator has scaled back a proposed capital increase for the country’s four biggest banks following criticism of its original plan.
Japanese banks will continue to target more complex financings and overseas loans to boost profitability, as a looming US rate cut is expected to extend the country’s negative interest rate policy.
Vietnamese banks are expected to turn to the offshore market to fill a multi-billion-dollar capital gap by the end of this year, with roadshows for the first deal already underway.
Investors and corporate leaders have poured cold water on the Indian government’s proposal to raise the minimum free float requirement for all listed companies, warning of a liquidity flood and loss of executive control.
Japan’s megabanks found ample demand when they came to the offshore bond market, printing US$13.75bn of paper last week.
United Overseas Bank returned to the Singapore dollar market in style on Wednesday, selling S$750m (US$535m) of perpetual non-call seven securities at 3.58% – the lowest yield on record for a Basel III-compliant Additional Tier 1 issue in Singapore.
Tianjin Binhai New Area Construction & Investment Group was forced to postpone a three-year US dollar bond on Thursday after concerns over the finances of its local government parent led to a rare snub from international investors.
Chinese regulators have issued a stern warning to companies applying for a tech board listing and their intermediaries that they will incur heavy penalties if they are found to have made false statements.
Panasonic sold its first bond in the US in at least 20 years as the Japanese industrial company looks to establish a US curve.
Deutsche Bank is to close its equities trading and underwriting businesses in Asia Pacific as part of the German lender’s plan to cut 18,000 jobs at the corporate and investment bank over the next three years.
UBS is bidding farewell to its Australian star banker Matthew Grounds, who is leaving the Swiss giant after a stellar 25-year career including 11 years as CEO for Australia and New Zealand.