Och-Ziff invests $150 million into the Chinese glass manufacturer through a Pipe deal that includes an equity portion as well as a CB, and makes a $30 million pre-IPO investment into its unlisted solar glass unit.
Hedge funds flock to Taiwan Glass's zero-yield CB as domestic banks provide enough asset swaps to cover the entire deal, but the conversion premium is fixed at the investor-friendly end.
Xinyi Glass sells $158 million of mostly new shares and Indonesia's Lippo Karawaci raises $112 million to pay for a Reit acquisition. Meanwhile, Hopu trims its stake in Winsway Coking Coal through an $82 million block.
The company raises $67 million of fresh capital at a 7.6% discount, while the controlling shareholder takes the opportunity to secure some profit after this year's strong run-up in the share price.
Shun Tak Holdings prices its $220 million placement at a 3.6% discount, while Xinyi Glass has to offer a 9% discount to get its $231 million offer out the door.
Accountancy firms Baker Tilly PurserBlade and Glass Radcliffe Chan have announced that they are to merge, in a move aimed at securing the fast moving China restructuring market.
After pricing at the top of a revised range, Zhejiang Glass is set to become the first privately-owned Chinese company to list on the main board of the Hong Kong Stock Exchange.