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News & Events: Rights Offering


  • October 26 2009

    Lloyds will ask shareholders to buy 11.5 billion pounds of stock in a rights offering and present plans to convert 11 billion pounds of subordinated debt into equity.

  • October 23 2009

    The struggling South Korean subsidiary of General Motors said Friday it has secured more than 400 million dollars in new funds through a rights offering, but its US parent was the sole subscriber.

  • October 17 2009

    State-run Korea Development Bank (KDB) said it would not participate in a rights offering of the South Korean unit of General Motors if the U.S. carmaker did not meet its request for financial aid to GM Daewoo.

  • October 15 2009

    The chief executive of General Motors Co. reiterated on Thursday that the U.S. automaker would join a rights offering by its struggling South Korean unit, but gave no hint whether GM would put in as much as the unit’s biggest creditor wants.

  • October 13 2009

    Singapore’s K-Reit seeks $444 million at a tight 11.8% discount to Terp, while Hong Kong-listed New World China is attempting to raise at least $630 million at a 29.2% discount to Terp

  • October 10 2009

    The Securities and Exchange Commission has approved listed Security Bank Corp.’s plan to sell P2.5 billion worth of shares to stockholders to raise funds.

  • October 06 2009

    Societe Generale SA, France’s second- largest bank by market value, will seek 4.8 billion euros ($7.1 billion) in a rights offer to repay the French state and purchase a stake in Credit du Nord.

  • October 05 2009

    South Korea’s No.4 banking group Hana Financial (086790.KS), whose two biggest shareholders are Singapore wealth fund Temasek and Goldman Sachs (GS.N), said it may raise capital via a new share sale, fuelling talk of financial sector consolidation and knocking Hana’s shares down almost 15%.

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