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Jun 30, 2015

Asia ex-Japan H1 deals hit record high on Li Ka-shing M&A spree

SINGAPORE/HONG KONG, June 30 (Reuters) – The volume of Asia
ex-Japan mergers and acquisitions surged to a record $640
billion in the first half, preliminary data released by Thomson
Reuters showed, driven by the deal-making spree of Hong Kong
tycoon Li Ka-shing.

Bankers said a spate of potential consumer retail deals and
the delisting of more Chinese companies from U.S. stock markets
were likely to keep them busy in the second-half.

Jun 29, 2015

Short-sellers target AirAsia amid questions over accounting

SINGAPORE, June 29 (Reuters) – Short-sellers are targetting
AirAsia Bhd amid accounting worries at Asia’s biggest
budget carrier, with its shares among the most borrowed
securities in Southeast Asia in recent weeks, data shows.

Loaned stock for Malaysia’s AirAsia rose to a high of 47
million shares on June 23 from 7 million two weeks prior to
that, according to data from financial software company SunGard
Astec Analytics.

Jun 26, 2015

IndiGo to file prospectus for $400 million float next week – sources

SINGAPORE/MUMBAI (Reuters) – India’s biggest airline IndiGo is set to file a prospectus next week for a domestic stock market listing, which is expected to raise as much as $400 million, according to three sources with knowledge of the matter.

IndiGo, owned by hospitality and travel company InterGlobe Enterprises, is aiming to win approval from India’s market regulator in August, before hitting the market later in the year, one of the sources said.

Jun 26, 2015

India’s IndiGo to file prospectus for $400 mln float next week – sources

SINGAPORE/MUMBAI, June 26 (Reuters) – India’s biggest
airline IndiGo is set to file a prospectus next week for a
domestic stock market listing, which is expected to raise as
much as $400 million, according to three sources with knowledge
of the matter.

IndiGo, owned by hospitality and travel company InterGlobe
Enterprises, is aiming to win approval from India’s market
regulator in August, before hitting the market later in the
year, one of the sources said.

Jun 24, 2015

SGX to invest $15 mln in tech systems after outages, halts fee hikes

SINGAPORE, June 24 (Reuters) – The Singapore stock exchange
(SGX) said on Wednesday it would invest S$20 million
($15 million) to improve its technology after suffering trading
disruptions late last year, and will not raise trading fees for
the time being.

Singapore Exchange Ltd was rebuked by the Monetary Authority
of Singapore (MAS), the city-state’s central bank and the SGX’s
regulator, over the two disruptions which were caused by a
software error and a power failure.

Jun 17, 2015

AirAsia shares tumble as CEO fund-raising talk cuts no ice

KUALA LUMPUR/SINGAPORE (Reuters) – AirAsia Bhd’s shares skidded as much as 13 percent on Wednesday as founder Tony Fernandes’ claims his firm can raise cash at will failed to convince investors, rattled by a report questioning the Malaysian budget carrier’s accounting.

After its opening slide the stock trimmed losses to close down 6.7 percent, but has fallen nearly 30 percent, hitting five-year lows, since the June 10 report by little-known firm GMT Research first spooked shareholders. Asia’s biggest low-cost airline has shrunk to a market value of about $1.23 billion.

Jun 15, 2015

Exclusive – AirAsia CEO tells investors plans up to $300 mln bonds, jet sales as shares skid

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research) Group Chief Executive Tony Fernandes has written to investors spooked by a report questioning accounting at Asia’s biggest budget airline, saying it will raise funds at loss-making associates and may sell planes to cut group debt.

In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia’s rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up to 20 aircraft in the group’s fleet this year.

Jun 15, 2015

AirAsia CEO tells investors plans up to $300 mln bonds, jet sales as shares skid

SINGAPORE, June 15 (Reuters) – AirAsia Bhd Group
Chief Executive Tony Fernandes has written to investors spooked
by a report questioning accounting at Asia’s biggest budget
airline, saying it will raise funds at loss-making associates
and may sell planes to cut group debt.

In a response to AirAsia shares falling to five-year lows,
the CEO said the group plans to issue as much as $150 million in
convertible bonds at each of its Philippine and Indonesian
associates. Fernandes, who has led AirAsia’s rise to a
billion-dollar business from a two-plane operation in 2002,
wrote in his letter that the company may also sell and lease
back up to 20 aircraft in the group’s fleet this year.

Jun 15, 2015

Exclusive: AirAsia plans bond issue up to $300 million, jet sales as shares slide

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz), Asia’s biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors.

Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. It may also sell and lease back up to 20 aircraft in the group’s fleet this year, he said in the letter, of which Reuters obtained a copy.

Jun 15, 2015

Exclusive – AirAsia CEO tells investors plans up to $300 million bond issues, jet sales as shares slide

SINGAPORE (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research), Asia’s biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million (193 million pounds) in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors.

Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. It may also sell and lease back up to 20 aircraft in the group’s fleet this year, he said in the letter, of which Reuters obtained a copy.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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