Pan-United

SINGAPORE (May 12): On May 3, Pan-United announced a renounceable non-underwritten rights issue of up to 141.6 million new shares at 43 cents each to raise some $61 million. The issue price is a steep discount of 41.1% to Pan-United’s closing price of 7

SINGAPORE (7 Nov): NRA Capital is maintaining its “overweight” call on Pan-United with a fair value of 70 cents, citing its 3Q16 results exceeded expectations.