The seller offered 234.4 million secondary shares at a price between S$1.49 and S$1.54, which represents a discount of 7% to 10% to TuesdayÆs close of S$1.65. The bottom-end pricing left that discount at the maximum. Cazenove Asia and JPMorgan were joint bookrunners for the sale.
The transaction comes just one week after the Singapore-listed supplier of raw materials and commodities sold $200 million of convertible bonds with the highest conversion premium ever for an Asian...
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