reverse takeover

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%.

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 electronics supplier intends to change its business profile and boost profitability by merging with the Singaporean healthcare provider.

In a sign of returning market confidence, Huabao completes largest Hong Kong placement since the market correction in May to maintain free-float requirement after backdoor listing.