Reported 4 months ago
Chinese companies are seizing the opportunity presented by a recent rebound in equities to raise funds before the market potentially falters again. MMG Ltd. is proposing a rights offering in Hong Kong to raise $1.2 billion, while Yankuang Energy Group aims for $634 million through a shares placement. This rush to raise cheap funding through equity or equity-linked notes follows positive signs in China's stock market and marks a bright spot for bankers amidst a slowdown in mergers and acquisitions and initial public offerings.
Source: YAHOO