ACN Newswire
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Alset Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

indie
3 minutes

BETHESDA, MD, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - Alset Capital Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 7,500,000 units at $10.00 per unit (the "Offering"). Each unit consists of one of the Company's shares of Class A common stock, one-half of one redeemable warrant, and one right to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. The underwriters exercised their over-allotment option in full for an additional 1,125,000 units on February 1, 2022, which closed at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $86,250,000, prior to deducting underwriting discounts, commissions, and other Offering expenses.The units have been listed on the Nasdaq Global Market ("Nasdaq") and began trading on February 1, 2022, under the ticker symbol "ACAXU". Once the securities comprising the units begin separate trad...

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Global Provider of Power Tools and Outdoor Power Equipment Chervon Holdings Limited Successfully Listed on Main Board of SEHK

indie
4 minutes

HONG KONG, Dec 30, 2021 - (ACN Newswire via SEAPRWire.com) - Chervon Holdings ("Chervon" or the "Company", stock code: 2285.HK), a global provider of power tools and outdoor power equipment ("OPE"), is officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.Chervon Holdings Limited Listing CeremonyThe total number of offer shares under the Global Offering amounts to 71,916,000 shares, with the final offer price determined at HK$43.60 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and commissions and estimated total expenses payable by the Company in connection with the Global Offering, are estimated to be approximately HK$2,957.15 million. The final numbers of Hong Kong offer shares and International offer shares are respectively 7,191,600 and 64,724,400, respectively representing 10% and 90% of the total number of the offer shares initially available under the Global Offering before any exercise of the Over-Allotment option.Chervon focuses on innovation (especially lithium-ion battery system technology), offering a comprehensive range of p...

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Society Pass (SoPa) Announces Pricing of US$26 Million Initial Public Offering

indie
4 minutes

SINGAPORE, Nov 9, 2021 - (ACN Newswire via SEAPRWire.com) - Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), a leading Southeast Asian data-driven loyalty platform, today announced the pricing of its US$26 million initial public offering, offering 2,888,889 shares of common stock (the "Shares") at a price of $9.00 per share. The shares have been approved for listing on the Nasdaq Capital Market ("Nasdaq") and will trade under the ticker symbol "SOPA" beginning November 9, 2021. The Company has granted the underwriters a 45-day option to purchase up to 433,333 additional shares at the initial public offering price to cover over-allotments, if any. The offering is expected to close on November 12, 2021, subject to customary closing conditions.Maxim Group LLC is acting as sole book-running manager for the offering."We are immensely proud to be the first Vietnam-based company to complete a traditional IPO on a stock market outside of Vietnam. As an acquisition-led technology company, this milestone marks the beginning of our next phase of growth as we expand beyond Vietnam into other parts of Southeast Asia with particular focuses on Philippines and Indonesia. Our Na...

JCN Newswire
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Showa Denko Announces Number of Shares to be Issued under Third-Party Allotment

ruth
3 minutes

TOKYO, Oct 8, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) hereby announces that, in connection with the issuance of new shares by way of the Third-Party Allotment, which its board of directors resolved on August 23, 2021 concurrently with the resolution on the issuance of new shares by way of public offering and the secondary offering of shares (secondary offering by way of over-allotment), the Company has received a notice from the allottee that it will subscribe for all of the shares which were scheduled to be issued, as set forth below:(1) Number of shares to be issued: 2,524,500 shares (Number of shares scheduled to be issued: 2,524,500 shares)(2) Total amount to be paid in: 5,966,201,340 yen (2,363.32 yen per share)(3) Amount of stated capital to be increased: 2,983,100,670 yen (1,181.66 yen per share)(4) Amount of the capital reserves to be increased: 2,983,100,670 yen (1,181.66 yen per share)(5) Subscription period: October 12, 2021 (Tue)(6) Payment date: October 13, 2021 (Wed)Reference1. The Third-Party Allotment described above was resolved by the Company's board of directors on August 23, 2021 concurrently with the resolution on the issuance...

SeaPRwire

Singapore property agencies offering cash incentives for agents to jump ship amid hot market

elean
1 minute

SINGAPORE - The hot property market has sparked a recruitment war between real estate agencies, with all manner of inducements rolled out to entice agents to jump ship. Agencies are offering hefty cash incentives for agents to sign on with them, as well as training and technology subsidies, and penalty support schemes to reimburse agents who incur fees for changing firms. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire

Man charged in court over attempts to bribe policeman with $76

aseanpr
1 minute

SINGAPORE - A man was hauled to a district court on Thursday (Sept 16) after he allegedly tried but failed to bribe a policeman. Chinese national Xu Shoupei, 29, who faces two graft charges, is accused of offering a bribe of $76 to Special Constable Ong Shu Hong on two occasions on July 4. The Corrupt Practices Investigation Bureau (CPIB) said in a statement that the policeman rejected the offers. The matter was then referred to the CPIB. According to court documents, Xu allegedly offered a bribe as he did not want the officer to conduct an identity check on him. On another occasion, Xu is accused of offering the policeman $76 as he wanted the latter to release him from custody. Court documents did not disclose why the authorities conducted a check on Xu's identity. The accused's bail was set at $7,000 and his case has been adjourned to Oct 13. If convicted, he can be jailed for up to five years and fined up to $100,000 for each graft charge. More on this topic Related Story Construction worker jailed for assaulting public servant and offering $12 bribe Related Story Courts & Crime: Read more stories

SeaPRwire

Sea shares fall after $8.46 billion offering, biggest of 2021

elean
1 minute

NEW YORK (BLOOMBERG) - Singapore's Sea Ltd fell in postmarket trading on Wednesday (Sept 8) after launching the largest secondary offering of 2021 to date. The online gaming and e-commerce firm is offering 11 million shares, a stake worth about US$3.78 billion at Wednesday's close, plus US$2.5 billion of equity-linked debt. The US$6.28 billion (S$8.46 billion) offering follows a runup of more than 70 per cent in the stock this year. The 11 million shares alone make this offering the biggest since Pinduoduo raised US$4.1 billion on Nov 18, according to data compiled by Bloomberg. Including the convertible bonds, this is the biggest equity raise since T-Mobile US in June 2020. The deal arrives at a time of resurgence in cross-border issuance from Asia. Nio on Tuesday announced plans to raise up to US$2 billion in what would be the biggest US offering by a company based in China since Didi Global.

JCN Newswire
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Showa Denko Announces the Number of New Shares to be Issued

ruth
4 minutes

TOKYO, Sep 8, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (TSE:4004) hereby announces that, relating to the issuance of new shares of its common stock which its board of directors resolved on August 23, 2021, the number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering has been determined as set forth below:The number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering: 2,065,500 sharesReference1. Number of new shares to be offered by way of public offering32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) 2,065,500 shares of common stock of the Company, ...

JCN Newswire
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Showa Denko Announces the Issue Price, Selling Price, and Matters Relating to its New Shares

ruth
4 minutes

TOKYO, Sep 6, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (the "Company") hereby announces the issue price, selling price and certain other matters relating to the issuance of its new shares and the secondary offering of shares which its board of directors resolved on August 23, 2021, as set forth below.1. Issuance of new shares by way of public offering(1) Class and number of shares to be offered: 32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) A maximum of 2,065,500 shares of common stock of the Company, additionally issued for purchase by the International Underwriters upon exercise of the option in the International Offering.(2) Issue price (offer price)[1]: 2,465 yen per share(3) Total amount of issue price[2]: 80,520,457,500 yen(4) Amount to be paid in[1]: 2,363.32 yen per share(5) Total amount to be paid in[2]: 77,199,029,460 yen...

JCN Newswire
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Showa Denko Announces Issuance of New Shares and Secondary Offering of Shares

ruth
9 minutes

TOKYO, Aug 23, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (the "Company") hereby announces that its board of directors has resolved matters relating to the issuance of its new shares and the secondary offering of shares on August 23, 2021, as set forth below.With the aim to establish a leading position in the semiconductor materials market, and to achieve sustainable and strong growth, the Company believes that it is critical to focus its strategic investment in the Electronics area at this moment. The Company will take advantage of this capital raising to strengthen the financial flexibility which supports proactive strategic investments, and will pursue the enhancement of long-term corporate value.1. Issuance of new shares by way of public offering(1) Class and number of shares to be offered: 32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 16,830,000 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering, described in (4)(i) below;(ii) 13,770,000 shares of common stock of the Company, issued for purchase by the International Underwriters in the...

SeaPRwire

$18k fine for elderly man whose massage business offered sex services amid circuit breaker

aseanpr
3 minutes

SINGAPORE - An elderly man continued operating his massage business during the circuit breaker and it was found to offer sexual services. As part of a move to address the Covid-19 outbreak, non-essential businesses such as massage establishments were ordered to be shuttered during the circuit breaker period from April 7 to June 1 last year. Too Seng San, 81, was fined $18,000 on Wednesday (July 21) after he pleaded guilty to operating a business offering massage services without a proper licence. The Singaporean also admitted that he failed to ensure that one of his workers did not offer sexual services at its premises. Two other charges, including one under the Covid-19 (Temporary Measures) Act were taken into consideration during sentencing. This was his second conviction for offences linked to massage establishments. In 2019, he was dealt with in court after another business he had operated - Monte Aesthetic in Sims Avenue - was found to offer sexual services. Details about his earlier sentence were not revealed in court documents. At the time of his latest offences, Too was the owner of Tai Kang Yang Sheng TCM Therapy at the ground floor of Block 201, Hougang Street 21. The Sin...

ACN Newswire
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Black Spade Acquisition Co Announces Pricing of $150 Million Initial Public Offering

indie
4 minutes

HONG KONG, Jul 16, 2021 - (ACN Newswire via SEAPRWire.com) - Black Spade Acquisition Co (the "Company") today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the New York Stock Exchange (the "NYSE") under the ticker symbol "BSAQU" beginning July 16, 2021. Each unit consists of one of the Company's Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the NYSE under the symbols "BSAQ" and "BSAQWS," respectively.The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. Although the Company may pursue an initial business combination opportunity in any industry or any region, it is focused on identifying a business combination target that can benefit from the extensive c...

SeaPRwire

Coupang ups price range in US IPO, aims for US$58 billion valuation

elean
3 minutes

NEW YORK (REUTERS, BLOOMBERG) - South Korean e-commerce giant Coupang raised the price range of ts offering on Tuesday (March 9), signalling strong demand for its shares. The start-up, which is backed by SoftBank Group, is now seeking to raise US$4.08 billion (S$5.48 billion) and is offering 120 million shares at US$32 to US$34 each, higher than its earlier range of US$27 and US$30 a share At the top end of the new range, the company would be valued at roughly US$58 billion. The listing would be one of the biggest on record by an Asian company on a US exchange and the largest since the US$25 billion IPO by Alibaba Group Holding in 2014. It underscores unprecedented investor appetite for technology companies, which have seen sales skyrocket during the Covid-19 pandemic. The Seoul-based e-commerce firm was founded in 2010 by Harvard graduate Bom Suk Kim. It made a splash in South Korea with its "Rocket Delivery" service that promised delivery within 24 hours, shaking family-owned retail conglomerates including Shinsegae and Lotte. Coupang has aggressively expanded its delivery and logistics operations, putting 70 per cent of the country's population within a seven-mile radius of its ...

SeaPRwire
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Ant IPO could resume once issues resolved: China’s central bank

elean
2 minutes

BEIJING (BLOOMBERG) - Ant Group could resume its plans for an initial public offering once problems are resolved, China's central bank chief said, offering some relief to global investors seeking signs on what the future holds for the world's largest fintech giant. People's Bank of China Governor Yi Gang said relevant agencies are still investigating issues related to monopolies at Alibaba billionaire Jack Ma's Ant Group, adding that the matters were "complicated" and some risks were related to consumer privacy. To resolve the problems, regulators need a clear legal framework, Mr Yi said on a panel at the World Economic Forum on Tuesday (Jan 26). "I would say that this is a process and also once the problem solved, it will go back to the track to continue consideration according to law," Mr Yi said in English. Chinese regulators are asking Ant to work on a timetable to overhaul its business after abruptly halting its US$35 billion (S$46.4 billion) IPO in November. The fate of Mr Ma's sprawling fintech empire remains uncertain after China issued a slew of draft rules that threatened to curb growth for some of Ant's most lucrative businesses. The message from Mr Yi is the latest sign...

ACN Newswire

ZONBONG LANDSCAPE Environmental Limited(1855.HK) Announces its Global Offering

indie
4 minutes

HONG KONG, Dec 22, 2020 - (ACN Newswire) - The established service provider for landscaping and ecological restoration projects in the Three Northeast Provinces of the PRC - ZONBONG LANDSCAPE Environmental Limited (the "Company", together with its subsidiaries, the "Group", stock code: 1855), announces details of its Global Offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange").ZONBONG LANDSCAPE Environmental Limited plans to offer an aggregate of 68,750,000 Shares (comprising 55,000,000 new Shares and 13,750,000 Sale Shares, and subject to the Over-allotment Option) under the Global Offering, of which 6,876,000 Shares (subject to reallocation) will be offered in the Hong Kong Public Offering, and 61,874,000 Shares (comprising 48,124,000 new Shares and 13,750,000 Sale Shares, and subject to the Over-allotment Option and reallocation) will be offered by way of International Placing. The Offer Price will not be more than HKD2.42 per Offer Share and is expected to be not less than HKD1.90 per Offer Share. The Hong Kong Public Offering will commence on Tuesday, 22 December 2020 and is expected to close at 12:00 noon (at 11:30 a.m....

ACN Newswire
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Premier Integrated Platform in APAC to Develop Innovative Therapies for Oncology Antengene Corporation Limited Successfully Listed on Main Board of SEHK

indie
5 minutes

HONG KONG, Nov 20, 2020 - (ACN Newswire) - Antengene Corporation Limited ("Antengene" or the "Company", together with its subsidiaries, the "Group", stock code: 6996.HK), a clinical-stage biopharmaceutical company with integrated drug discovery, clinical development, anchored in Asia-Pacific (APAC) with a global layout, is officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.Antengene's listing ceremony in Shanghai: Dr. Jay Mei, M.D., Ph.D., founder, Chairman and CEO (Left); Mr. Yiteng Liu, M.Sc., Chief Operating Officer (Right) The total number of offer shares under the Global Offering amounts to 154,153,500 shares, with the final offer price determined at HK$18.08 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and expenses paid and payable by the Company in connection with the Global Offering, are estimated to be approximately HK$2,635.9 million. The Hong Kong offer shares initially offered under the Hong Kong Public Offering have received satisfactory response, where the total number of valid applications amounted to approximately 264...