Logan Property Placement - Large deal vs ADV and proceeds will barely make a difference
Logan Property is looking to raise US$150m in its top-up placement.In this note, we will discuss deal dynamics and run the deal through our ECM framework.
We covered the 2017 placement, which was withdrawn in:
Logan Property Placement - Placing Out Shares at the Highest Price Level Since Listing
Logan Property Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the property development, property investment and construction in the People's Republic of China. Co. develops and sells residential properties and retail shops; leases office units and retail shops and constructs office premises and residential buildings. As of Dec 31 2016, Co. had 22 investment properties with a total gross floor area of approx. 460,554 sq. m.
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
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