Sentence examples for new share placement from inspiring English sources
WPP is expected to mitigate the financial effect of taking on more debt with sales of the noncore Cordiant assets, including agencies in Australia and Germany, and the new share placement, said Trevor Pritchard, an analyst with Standard & Poor's.
The market was affected by an unfounded rumor of a new share placement plan by China Mobile which has gained 8% in less than a week but fell 2.8%, to $65.20 Hong Kong dollars ($8.37), on Wednesday.
Australia and New Zealand Banking Group led the drop after the bank tapped 2.5 billion Australian dollars ($1.9 billion) in a new share placement to mostly institutional investors on Wednesday.
Chinese stocks continued their recent freefall Tuesday despite a regulators warning to listed companies to stop large new share placements.
But those gains evaporated as the Nikkei 225 closed the morning session flat at 9940.12, as investors mulled new shares placements from finance leasing firm Orix Corp ,carrier All Nippon Airways, and other cash-strapped listed companies eager to raise new capital.
Michelin and Akzo Nobel weighed on Europes leading share indexes on Tuesday as one announced a massive share placement and the other its new medium-term targets.
To get an idea of the problems, take a look at the prospectus offered by New China Life, a big local insurer, for its dual share placement, which will take place shortly on the Hong Kong and Shanghai stockmarkets.
Following its planned mega issuances of new shares and convertible bonds, Ping An Insurance may use the 100 billion yuan ($13.8 billion) proceeds from its share placement to buy a stake in Prudential, the Guangzhou-based 21st Century Business Herald reported Wednesday, citing a source close to the matter.
It also raised $1 billion in a share placement in less than two hours.
The group will raise £5.5m through a share placement, leaving it with funds for future takeovers.
The loans come on top of more than $1 billion Pacific Century raised in a share placement two weeks ago.
