A FEW local companies have been raising funds through rights issues that come with unlisted, free warrants as "sweeteners" to ensure the rights are taken up. These novel instruments were featured in this column recently, but equally interesting is that dozens of local companies have also raised funds via rights issues that include listed warrants with intriguing features of their own.
THE prospect of Tiger Airways cutting its losses in Indonesia by selling or closing its Indonesian carrier Tigerair Mandala has been well-received by analysts.
GENTING Hong Kong (Genting HK) may sell its remaining 27.7 per cent stake in Norwegian Cruise Line Holdings (NCLH), a disposal that could see it realise a minimum gain of US$389.2 million, or US$1.23 billion at the prevailing Nasdaq price.
UPSTREAM oil and gas group Loyz Energy yesterday announced it would be acquiring a 20 per cent stake in Norwegian oil and gas exploration firm Fram for US$41.4 million.
SECURITIES trading on Singapore Exchange (SGX) extended its downtrend, falling 35 per cent from a year ago to $20.9 billion in February, amid uncertainties in global markets and the regulators' raft of tougher measures on stock trading.
THE latest earnings reporting season generally disappointed analysts, although earnings estimates for the year ahead have been revised slightly higher, according to Bloomberg consensus data.
OFFSHORE and marine firm Ezra Holdings has clinched subsea construction and offshore support contracts and options in the Asia Pacific and West Africa worth more than US$125 million.
GLOBAL Yellow Pages said yesterday it plans to place up to 300 million new shares to raise as much as $20.8 million.
DEVELOPERS are feeling the heat from a tougher operating environment as property valuations slide, and some have been pushed to make provisions for projects.
SHARES of all but one company that just entered the SGX watch-list slumped yesterday. Of the eight stocks that fell, those that lost a fair amount of ground included Cacola Furniture International, Dapai International Holding and Ouhua Energy Holdings.
STANDARD Chartered Bank in Singapore said yesterday that its full-year operating profit for 2013 fell 7 per cent from a year ago, on the back of margin compression and regulatory pressure.
THE completion of the sale of integrated subsea services provider Kreuz Holdings (KHL) to Hong Kong private equity company SEA9 has reaped significant gains for Swiber Holdings as well as three of Kreuz's top managers who were significant shareholders.