APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

Ronshine China Holdings / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/21047" target="_blank" data-smartkarma-citation="entities:21047:1">Ronshine China Holdings Ltd (3301 HK)</a> is looking to raise about US$200m through a top-up placement by selling 103m shares with an upsize option of 44m shares.</p><p>The deal scores marginally negative on our framework owing to the company's strong earnings and price momentum. The company reported its FY2017 results in March 2018, showing strong momentum in revenue growth driven by property sales. However, margins have been under pressure. Its financial position has deteriorated since it raised capital…</p>

Ronshine China Holdings Ltd (3301 HK) is looking to raise about US$200m through a top-up placement by selling 103m shares with an upsize option of 44m shares.The deal scores marginally negative on our framework owing to the company's strong earnings and price momentum. The company reported its FY2017 results in March 2018, showing strong momentum in revenue growth driven by property sales. However, margins have been under pressure. Its financial position has deteriorated since it raised capital…

Ronshine Placement - Another Equity Raise After Two Note Issuances and a Placement Since Oct 2017