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StanChart raises US$5.1b as 97% exercise rights offer

Published Fri, Dec 11, 2015 · 09:50 PM
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London

STANDARD Chartered plc raised about US$5.1 billion after 96.8 per cent of the bank's shareholders exercised their rights in a share sale on Friday, signalling confidence in chief executive officer Bill Winters's strategy to turn around the Asia-focused lender.

The shares will be listed in Hong Kong and the first trading day is expected to be Dec 16, the London-based bank said in a statement on Friday.

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