Is shareholder value soluble in water?
- From: Vol 8, Issue 1 (January 2007)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Bio-Treat Technology and Sinomem Technology
The great game on the Singapore stock exchange in 2006 was the issuance of convertible bonds. Share dilution remains a key concern.
The great game on the Singapore stock exchange in 2006 was the issuance of convertible bonds. Singapore-listed companies issued more than S$1.8 billion of convertible bonds, and Chinese water companies were amongst the biggest players.
While convertible bonds avoid the immediate dilution of existing equity, and the conversion premia set by Chinese borrowers tend to be low, there ...
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