backdoor listing

The $248 million deal, which is part of a backdoor listing of some of China Merchants Group’s real estate assets, is priced at the bottom of the range for a 22.3% discount to the latest close.

The $1.8 billion transaction will complete a reverse takeover that was initiated more than a year ago. A $600 million placement is planned to fund future operations and maintain the free-float at 25%.

Century Properties is looking to expand its shareholder base after a backdoor listing last year.

London-listed blank cheque company Vallar becomes a listing vehicle for the Bakrie brothers through an M&A deal valued at around $3 billion.

The upsize option is utilised in full as investors endorse the company's transformation into Indonesia's second largest coal mining contractor, but the price is fixed towards the bottom of the range.

The Singapore-listed Indonesian producer of edible palm oil products sells a maximium number of shares at the highest price.

The Indonesian palm oil company, which is primarily a consumption play, will trade in Singapore following the backdoor listing.