Fund Raising

SINGAPORE (May 22): Property developer Ocean Sky International is proposing to undertake a renounceable non-underwritten rights and warrants issue to raise as much as $20.9 million.

SINGAPORE (Apr 3): Raffles Education is planning to raise $44.6 million in a rights issue to to strengthen its capital base, repay debts and for general corporate and working capital purposes.

SINGAPORE (Mar 16): Oxley Holdings is selling 156.8 million new shares at 51 cents each in a private placement to institutional investors to raise nearly $80 million.

SINGAPORE (Feb 27): ESR-REIT is launching a preferential offering on the basis of 199 new units for every 1,000 existing units to raise gross proceeds of up to about $141.9 million.

SINGAPORE (Oct 12): Jubilee Industries is proposing a rights cum warrants issue to increase working capital and fund the expansion of its electronic component distribution and precision plastic injection mouldings businesses.

SINGAPORE (March 22): CIMB is initiating coverage on waste-to-energy (WTE) operator China Jinjiang Environment (CJE) with an “add” recommendation and a target price of $1.10, drawing attention to the counter as an “overlooked WTE leader in China”

SINGAPORE (Sept 28): Lifebrandz, the Irish pub operator which is diversifying into goldmining, saw losses from continuing operations narrow slightly to $1.1 million in FY16 from $1.2 million in FY15.