JUNSHI BIO CLEARS STAR IPO HEARING
(ONGû+ONG
LISTEDûSHANGHAI JUNSHI BIOSCIENCES has
CLEAREDûAû3HANGHAIû3TOCKû%XCHANGEûHEARINGûFORûAû
PROPOSEDû2MBBNû53M û3TARû)0/
4HEûCOMPANYûPLANSûTOûOFFERûUPûTOûMû
!
SHARESûORûAûûFREEûmOATû4HEREûISûAûû
GREENSHOE
*UNSHIûRAISEDû(+BNû53M ûFROMû
Aû(ONGû+ONGû)0/ûINû$ECEMBERû
CICC ISûTHEûSPONSORûANDûBOOKRUNNERûWITHû
Guotai Junan and Haitong Securities
CANBRIDGE PHARMA MULLS IPO
#HINESEûBIOTECHûCOMPANYûCANBRIDGE
PHARMACEUTICALSûISûINûDISCUSSIONSûWITHûBANKSû
FORûANû)0/ûTHATûCOULDûRAISEûABOUTû53Mû
ACCORDINGûTOûPEOPLEûCLOSEûTOûTHEûDEAL
4HEûCOMPANYûWHICHûCOUNTSû#HINESEû
CONTRACTûMEDICALûRESEARCHERû7U8Iû!PP4ECû
AMONGûITSûBACKERSûISûCLOSEûTOûPICKINGûARRANGERSû
FORûTHEûPOTENTIALûmOATûSAIDûTHEûPEOPLE
4HEûCOMPANYûHASûNOTûDECIDEDûWHEREûTOûLISTû
BUTû(ONGû+ONGûISûAûMOREûLIKELYûOPTIONûCOMPAREDû
WITHûTHEû53ûSAIDûTHEûPEOPLEûADDINGûTHATûTHEû
DEALûISûEXPECTEDûTOûCOMEûASûEARLYûASûTHISûYEAR
#ANBRIDGEûWHICHûDEVELOPSûDRUGSûFORû
ORPHANûDISEASESûANDûCANCERSûINû&EBRUARYû
RAISEDû53MûFROMûAûPRIVATEûROUNDûLEDûBYû
'ENERALû!TLANTICûANDû7U8Iû!PP4ECû
3HENZHEN
LISTEDû(ANGZHOUû4IGERMEDû
#ONSULTINGûWASûALSOûONEûOFûTHEûINVESTORS
!FTERûTHEûlNANCINGû7U8Iû!PP4ECûOWNSûAû
ûSTAKEûINû#ANBRIDGEû7U8Iû"IOLOGICSû
(EALTH#AREû6ENTUREûALSOûOWNSûAûûSTAKEû
INû#ANBRIDGE
#ANBRIDGEûPOSTEDûAûLOSSûOFû53MûFORûTHEû
lRSTûNINEûMONTHSûOFûûCOMPAREDûWITHûAû
FULL
YEARûLOSSûOFû53MûINû
,ASTû.OVEMBERûITSûTREATMENTûFORûBREASTû
CANCERûRECEIVEDûMARKETûAPPROVALûFROMûTHEû
$EPARTMENTûOFû(EALTHûINû(ONGû+ONG
CSPG UNIT FILES FOR SHENZHEN IPO
CHINA SOUTHERN POWER GRID ENERGY EFFICIENCY &
CLEAN ENERGYûHASûlLEDûWITHûTHEû#HINAû
3ECURITIESû2EGULATORYû#OMMISSIONûFORûAû
PROPOSEDû2MBBNû53M û
3HENZHENû)0/
4HEûCOMPANYûPLANSûTOûOFFERûUPûTOûMû
!
SHARESûORûûOFûITSûENLARGEDûCAPITAL
0ROCEEDSûWILLûBEûUSEDûFORûTHREEûENERGY
SAVINGûPROJECTSûANDûTOûREPAYûBANKûLOANS
)TûHASûTHREEûMAINûBUSINESSESûPROVIDINGû
ENERGY
SAVINGûSERVICESûNEWûENERGYû
DEVELOPMENTSûSUCHûASûPHOTOVOLTAICûANDû
OFFSHOREûWINDûPOWERûANDûDISTRIBUTEDû
ENERGY
)TûISûOWNEDûBYûONEûOFûTWOûPOWERûGRIDû
GIANTSû#HINAû3OUTHERNû0OWERû'RIDûWHICHû
OPERATESûTHEûELECTRICITYûNETWORKûINûTHEûlVEû
SOUTHERNûPROVINCESûOFû'UANGDONGû'UANGXIû
9UNNANû'UIZHOUûANDû(AINANû
#HINAû3OUTHERNû0OWERû'RIDûANDûITSûRELATEDû
PARTIESûHOLDûAûûSTAKEûINûTHEûCOMPANY
)TûPOSTEDûAûNETûPROlTûOFû2MBMûONû
REVENUESûOFû2MBBNûINû1n1û
China Securities ISûTHEûSPONSORûANDûJOINTû
BOOKRUNNERûWITHûGF Securities
HENLIUS BIOTECH EYES A-SHARE LISTING
(ONGû+ONG
LISTEDûSHANGHAI HENLIUS BIOTECH is
SEEKINGûANû!
SHAREûLISTINGûONûTHEû3HANGHAIû
3TARûMARKETûTOûRAISEû2MBBNû53M
4HEûBIOPHARMACEUTICALûCOMPANYûPLANSûTOû
OFFERûnûOFûITSûENLARGEDûCAPITALû4HEREû
ISûAûûGREENSHOE
0ROCEEDSûWILLûBEûUSEDûFORûAûBIOSIMILARûANDû
INNOVATIVEûDRUGû2$ûPROJECTûANDûTOû
REPLENISHûWORKINGûCAPITAL
4HEûCOMPANYûWHICHûRAISEDû(+BNû
53M ûFROMûAû(ONGû+ONGû)0/ûLASTû
3EPTEMBERûSAWûITSûNETûLOSSûWIDENûTOû
2MBMûINûûFROMû2MBMûAûYEARû
EARLIERûONûREVENUEûOFûJUSTû2MBMû)Tû
DEVOTEDû2MBBNûTOû2$ûLASTûYEAR
INDIA
MEDPLUS PLANS UP TO RS8bn IPO
0HARMACYûCHAINûMEDPLUSûISûPLANNINGûAû2SBNn
2SBNû53MnM û)0/ûANDûRECENTLYûHELDû
AûBEAUTYûCONTESTûFORûBANKSûPEOPLEûWITHû
KNOWLEDGEûOFûTHEûTRANSACTIONûSAID
-ED0LUSûCOULDûNOTûBEûCONTACTEDûFORûAû
COMMENT
0REMJIû)NVESTûTHEûFAMILYûOFlCEûOFû)4ûGIANTû
7IPROSûCHAIRMANû!ZIMû0REMJûISûONEûOFûTHEû
INVESTORSûINûTHEûCOMPANY
-ED0LUSûHASûAROUNDûûSTORESûINû)NDIA
4HEû)0/ûWILLûCOMPRISEûBOTHûSECONDARYûANDû
PRIMARYûSHARES
NEW ZEALAND
KATHMANDU TAPS NZ$207m FUNDRAISING
.EWû:EALANDûOUTDOORûEQUIPMENTûRETAILERû
KATHMANDU HOLDINGSûHASûRAISEDû.:Mû
53M ûASûPARTûOFûAû.:MûEQUITYû
RAISINGûEXERCISEûTOûSTRENGTHENûITSûBALANCEû
SHEETûAMIDûTHEûCORONAVIRUSûPANDEMIC
"OTHûAû.:MûPLACEMENTûANDûAû
FOR
û
INSTITUTIONALûENTITLEMENTûOFFERûRECEIVEDû
STRONGûSUPPORTûFROMûEXISTINGûINSTITUTIONALû
INVESTORSûWITHûûTAKE
UPûINûTHEû
INSTITUTIONALûRIGHTSûOFFER
"RISCOEû'ROUPû+ATHMANDUSûLARGESTû
SHAREHOLDERûWITHûAûûSTAKEûSAIDûINûAû
SEPARATEûlLINGûITûWOULDûNOTûPARTICIPATEûINû
THEûEQUITYûRAISINGûASûITSûPRIORITYûISûITSûOWNû
BUSINESSûGIVENûTHEûCURRENTûUNCERTAINTY
4HEûRETAILûENTITLEMENTûOFFERûWILLûTAKEû
PLACEûFROMû!PRILûûTOû!PRILû
4HEûCOMPANYûSETûASIDEûMûNEWûSHARESû
FORûBOTHûOFFERSûATû.:ûEACHûORûAûû
DISCOUNTûTOûTHEûLASTûCLOSEûOFû.:ûONû
-ARCHûû4HEûSHARESûRESUMEDûTRADINGûLASTû
ONû4HURSDAYûANDûENDEDûTHEûDAYûATû.:û
DOWNûû4HEûSTOCKûISûDOWNûûINûTHEû
YEARûSOûFAR
/NûSUCCESSFULûCOMPLETIONûTHEûEQUITYû
RAISINGûWILLûBOOSTû+ATHMANDUSûTOTALû
LIQUIDITYûTOû.:MûTHEûCOMPANYûSAIDûINûAû
lLING
)TûCONlRMEDûITûWILLûSUSPENDûITSûDIVIDENDû
UNTILûTRADINGûCONDITIONSûIMPROVE
+ATHMANDUSûRESULTSûFORûTHEû&9ûûlRSTû
HALFûENDEDû*ANUARYûûSHOWûUNDERLYINGû
%BITDAûCLIMBEDûûTOû.:MûONûSALESûOFû
.:M
#HIEFûEXECUTIVEû8AVIERû3IMONETûSAIDûTHEû
BOARDûISûTAKINGûPRE
EMPTIVEûACTIONûhTOû
ENSUREûOURûGROUPûREMAINSûSTRONGLYû
CAPITALISEDûDURINGûTHEûCURRENTûMARKETû
UNCERTAINTIESv
0ROCEEDSûFROMûTHEûEQUITYûRAISINGûWILLûBEû
USEDûTOûPAYûDOWNûDEBTûANDûSTRENGTHENûTHEû
BALANCEûSHEET
Craigs Investment Partners, Credit Suisse,
Forsyth Barr and Jarden Securities AREûTHEûJOINTû
LEADûMANAGERS
+ATHMANDUSûLENDERSûHAVEûRELAXEDûANDû
WAIVEDûCERTAINûCOVENANTSûSUBJECTûTOûTHEû
RETAILERûCOMPLETINGûANûEQUITYûFUNDINGûOFûATû
LEASTû.:M
SOUTH KOREA
TEMASEK SEALS TWO CELLTRION TRADES
4EMASEKûHASûRAISEDû7BNû53M ûANDû
7BNûRESPECTIVELYûFROMûTWOû!""SûINû
3OUTHû+OREANûDRUGMAKERûCELLTRION and
Celltrion Healthcare
4HEû3INGAPOREûINVESTMENTûFUNDûSOLDû
Mû#ELLTRIONûSHARESûEQUALûTOûAûû
STAKEûATûTHEûBOTTOMûOFûAû7n
7ûRANGEûEQUATINGûTOûAûDISCOUNTû
OFûûTOûTHEûPRE
DEALûCLOSEûOFû
7
#ELLTRIONSûSTOCKûCLOSEDûDOWNûûATû
7ûLASTû4HURSDAYû)TûWASûSTILLûUPûû
FORûTHEûYEARûAFTERûRALLYINGûSINCEû-ARCHûû
WHENûTHEûCOMPANYûSAIDûITûWASûACCELERATINGû
DEVELOPMENTûOFûANûANTIVIRALûTREATMENTûFORû
#OVID
!ûTOTALûOFûMûCELLTRION HEALTHCARE
SHARESûEQUALûTOûAûûSTAKEûWEREûSOLDûATû
7ûEACHûORûAûûDISCOUNTûTOûTHEûPRE
DEALûCLOSEûOFû7ûVERSUSûTHEûMARKETEDû
RANGEûOFû7n7
+OSDAQ
LISTEDû#ELLTRIONû(EALTHCAREûCLOSEDû
UPûûATû7ûONû4HURSDAY
"OTHûBLOCKSûCOMEûWITHûAû
DAYûLOCK
UPû
ONûTHEûVENDOR
Citigroup and Morgan StanleyûWEREûJOINTû
BOOKRUNNERS
International Financing Review April 4 2020 99
EQUITIES ASIA-PACIFIC
10 IFR Equities and SE 2327 p 95 - 106 .indd 99 03 / 04 / 2020 20 : 40 : 33