A Showcase of Value Maximising – Public Equity Deal of the Year

By Rodricks Wong

Riding on improved sentiments in the global equity markets, we have witnessed a number of public equity placements since the beginning of this year, mainly in the form of new shares placements or rights issues (see accompanying table). Companies are seizing the window of opportunity to re-capitalise and strengthen their balance sheets in order to better prepare themselves for the uncertainties lurking ahead.

A number of transactions stood out and among these, by far the largest ever rights issue in the shipping sector globally, was Neptune Orient Lines (“NOL”)’s SGD 1.44 billion (USD 996 million)

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