Construction / Engineering

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Allgemeine Baugesellschaft - A. Porr AG launches capital increase of up to 2,645,000 new shares in two tranches

Wednesday, 9 Apr 2014 11:45am EDT

Allgemeine Baugesellschaft - A. Porr AG:Commences offering of up to 2,645,000 new shares.New shares to be issued following share capital increase from authorized capital in two tranches.First tranche involves offering of new shares to selected institutional investors (pre-placement) and to be followed by second tranche, whereby existing PORR shareholders to be invited to exercise their subscription rights (rights offering).Investors to be able to acquire new shares, which have not been placed in the pre-placement and which are not subscribed for by PORR shareholders.Subscription and offer period expected to commence on April 14, 2014.Price of new shares to be determined using accelerated book-building procedure is expected to be published on or about April 10.Certain core shareholders waive around 81.8 pct of their subscription rights, intend to place order for 1.5 million euros for shares not placed in pre-placement and which are not subscribed for (if available).Intends to use net proceeds from offering to strengthen its capital base.Intends to pay back ABAP profit participation rights in full or in part and use remaining pro-ceeds to fund the increase in volume of its business operations based on its current order backlog as well as to support certain accretive acquisitions in Home Markets on a selective and opportunistic basis.

Allgemeine Baugesellschaft - A. Porr AG completes placement of 2,164,138 new shares

Wednesday, 9 Apr 2014 11:45am EDT

Allgemeine Baugesellschaft - A. Porr AG:Concludes fully its pre-placement of 2,164,138 new shares.All of new shares offered in pre-placement were placed with selected European institutional investors outside United States of America at price of 45 euros per new share, thereby raising gross proceeds of 97.4 million euros.Due to demand pre-placement has been closed ahead of schedule.Order book was more than 4 times subscribed at subscription and offer price.New shares placed in pre-placement to be delivered against payment of subscription and offer price on or about April 15.Pre-placement is first part of capital increase announced on April 9, involving issue of up to 2,645,000 new shares in aggregate.Remaining up to 480,862 new shares can be subscribed by existing PORR shareholders in subscription and offer period, which to commence on or about April 14 and end on April 28.In relation to new shares not subscribed for - they to be offered to interested investors at subscription and offer price of 45 euros per new share.During subscription and offer period holders of company profit participation rights to have opportunity to exercise their dilution protection rights.On basis of subscription and offer price, and assuming issue of all 2,645,000 new shares in course of offering, PORR would receive net proceeds from this capital increase of around 113.8 million euros.

KCC Engineering & Construction announces rights issue

Wednesday, 9 Apr 2014 04:33am EDT

KCC Engineering & Construction Co., Ltd:Rights issue of 15,600,000 common shares of par value 5,000 won each.Issue price of 9,690 won per share, for proceeds of 151,164 mln won.Shareholders of record on May 13 will have rights to purchase 2.68965517 rights share for each share held during the period from June 18 to June 19.Listing date of July 9 for the new shares.Underwriter of KB Investment & Securities Co.,Ltd.

Sysma Holdings Ltd announces private placement

Wednesday, 9 Apr 2014 04:27am EDT

Sysma Holdings Ltd:Says a placement of 23.5 million new shares at S$0.27 per placement share to private investors.The proposed new share placement is expected to raise gross proceeds of about S$6.34 million and net proceeds of about S$6.10 million.Proceeds raised will be used to fund the Group’s property development business, acquisitions, investments, joint ventures and/or other collaborations, as well as for general working capital purposes.The Placement Share price of S$0.27 per share represents a 9.88 pct discount to the volume weighted average price of S$0.2996 per share for trades done for the full market day on April 4.The Placement Shares will represent about 9.89 pct of the existing share capital and about 9.00 pct of the enlarged share capital.

HANSHIN CONSTRUCTION to dispose treasury shares

Wednesday, 9 Apr 2014 04:23am EDT

HANSHIN CONSTRUCTION CO LTD:To sell 518,117 shares of common stock during the period from April 10 to July 9, to collect operating funds.Offering price of 14,600 won per share, or 7,564,508,200 won in total.

AIRPARK completes private placement of common shares

Sunday, 6 Apr 2014 10:41pm EDT

AIRPARK CO., LTD:Completes private placement of 1,778,494 shares of common stock as of April 4, and raised proceeds of 2,199,997,078 won from the issuance.

Valmec Ltd issues ordinary shares

Sunday, 6 Apr 2014 10:03pm EDT

Valmec Ltd:Says it issues 500,000 fully paid ordinary shares pursuant to exercise of unlisted options.Says exercise price of the options is A$0.25 per share on or before June. 30, 2018.

AIRPARK announces private placement of common shares

Friday, 4 Apr 2014 02:47am EDT

AIRPARK CO., LTD:To issue 1,778,494 shares of common stock with par value of 500 won per share.To raise proceeds of 2,199,997,078 won for operations, at 1,237 won per share.Listing date of April 18 for the new shares.

IL&FS Engineering and Construction Co Ltd files papers for rights issue-Business Standard

Thursday, 3 Apr 2014 05:32am EDT

IL&FS Engineering and Construction Co Ltd:Has filed initial papers with market regulator Sebi to raise 3.00 Bln Indian Rupees through rights issue-Business Standard.Under a rights issue, stocks are issued to existing investors of an entity as per their holding at pre-determined price and ratio.IL&FS Engineering and Construction plans to utilise the funds from the issue towards redemption of preference shares, repayment/pre-payment of certain loans availed by the company and to meet issue expenses.Edelweiss Financial Services and IL&FS Capital Advisors are the lead managers to the issue.Karvy Computershare would be the registrar to the issue.

Leighton Holdings Ltd announces exercise of options

Wednesday, 2 Apr 2014 11:00pm EDT

Leighton Holdings Ltd:Announced the issue of 227,250 ordinary share at an issue price of A$18.87 per share.Shares issued on exercise of 2009 options granted under the Leighton Senior Executive option Plan.


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Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Auerbach Grayson & Co., Inc.
Provider: GlobalData
Provider: GlobalData

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