In today’s briefing:
- Shin Kong Financial Holdings Placement – Deal Appears to Be Very Well Flagged
- WT Microelectronics Placement – Short Interest on the Rise, Could Lift the Debt Overhang
Shin Kong Financial Holdings Placement – Deal Appears to Be Very Well Flagged
- Shin Kong Financial Holding (2888 TT) (SKFH) aims to raise around US$400m via an accelerated primary GDS offering.
- This will be the third fundraising by the company in as many years. Both the prior deals did well and this one too appears to be well flagged.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
WT Microelectronics Placement – Short Interest on the Rise, Could Lift the Debt Overhang
- WT Microelectronics (3036 TT) is looking to raise approximately US$190m in its Primary GDS offering to repay foreign currency denominated debt and for procuring raw materials in foreign currencies.
- While we can’t explicitly state that the deal is well-flagged, the firm has seen its gearing ratio increase and CFO was negative in its latest financial year.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
Before it’s here, it’s on Smartkarma