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Monde Nissin reallocates IPO proceeds to pay P15.6-B loan bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country's largest-ever initial public offering (IPO). ....
Monde Nissin debuts 0.14% lower after $1 billion Philippine IPO By Neil Jerome Morales and Anshuman Daga Reuters MANILA (Reuters) - Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country s largest-ever initial public offering (IPO). The IPO, Southeast Asia s second-largest this year after the $1.8 billion IPO of Thailand s PTT Oil and Retail Business PCL in February, heads a pipeline of Philippine share sales. The new funding will enable us to supercharge our growth, Chief Executive Henry Soesanto said at the listing ceremony. ....
24 May in 5:00 The Diplomat The BRI has repeatedly been labeled a debt trap and a power grab, and perhaps this seemed like a possibility at the outset. However, this concept has been debunked by careful research, The Diplomat reports. Deborah Brautigam, director of the China Africa Research Initiative at Johns Hopkins University, studies Chinese lending to Africa in depth. She found no evidence that Chinese banks over-lend or invest in loss-making projects to obtain a foothold in those countries. Brautigam points out that the turnover of the Hambantota Port in Sri Lanka to a Chinese company has often been misinterpreted as a geopolitical move by China to take over key infrastructure. The story is that China persuaded Sri Lanka to borrow funds for a project that had little prospect of success. The terms of the loan were onerous and forced Sri Lanka into default, so that the country was forced to hand over the port to China. ....