• Fri
  • Aug 1, 2014
  • Updated: 1:14am

Rights Issue

PICC to lift capital with 5.8b yuan rights issue

A planned rights issue would help PICC Property and Casualty, the mainland's biggest non-life insurer, to record faster premium growth and business expansion, analysts said.

Wednesday, 22 May, 2013, 3:20am

Sinopec's share issuance puts faithful investors at disadvantage

Shareholders' rights and interests often take a back seat in Hong Kong. And so it proved to be again when state-owned oil giant Sinopec shocked the market by offering to sell HK$24 billion worth of new shares to a handful of privileged investors at a steep discount.

17 Feb 2013 - 1:59am 2 comments

Fund raising bid by Esprit gets a cool reception

Esprit Holdings fell nearly 17 per cent to a two-month low yesterday, reflecting investor concern about the company's financial situation.

25 Oct 2012 - 5:07am

Shun Tak issue puts focus on odd lots

Shun Tak Holdings' rights issue has highlighted the loophole that allows holders of odd-lot shares to benefit from highly discounted issues. Odd lots are those that have less than the number of shares in a normal lot.

12 Mar 2012 - 12:00am

Shun Tak falls on news of HK$1.95b fund-raising

Shares in Shun Tak fell 6.7 per cent yesterday as investors reacted coolly to the company's plan to raise up to HK$1.95 billion in a rights offering.

The ferry operator and property developer controlled by the family of casino magnate Stanley Ho Hung-sun said it will offer three new rights shares for every eight ordinary shares currently held.

21 Jan 2012 - 12:00am

New World stocks tumble on discount rights issue

Shares of tycoon Cheng Yu-tung's New World Development (NWD) and its mainland unit plunged yesterday after the companies announced plans to sell shares at steep discounts.

19 Oct 2011 - 12:00am

Wharf taps market for HK$10b

Wharf (Holdings) intends to raise HK$10.05 billion through a rights issue to finance its property investments on the mainland as part of a long-term strategy. The company said in a filing to the stock exchange yesterday it would issue 275.39 million rights shares at HK$36.50 each on a one-for-10 basis.

11 Feb 2011 - 12:00am

Cash for HSBC investors who took no action

HSBC Holdings shareholders who did not take any action on the bank's rights issue could receive about HK$3,700 on each board lot they owned, sources said yesterday.

7 Apr 2009 - 12:00am

ESun seeks to raise HK$1b from rights issue

ESun Holdings, which is controlled by Lai Sun Development, plans to raise about HK$1.03 billion from a rights issue to fund its Macao Studio City project. The company will issue between 413.58 million and 414.51 million rights shares at a subscription price of HK$2.50 each on the basis of one rights share for every two existing eSun shares held by qualified shareholders.

8 Mar 2008 - 12:00am

Shares in GZI Transport slide on news of rights offer

Proceeds to fund acquisition of expressway, bridge projects

Shares of toll-road operator GZI Transport slumped as much as 7.7 per cent yesterday after it said it planned to raise HK$2.19 billion in a rights issue for potential acquisitions of expressway and bridge projects in Guangdong province.

30 Jun 2007 - 12:00am

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