| BTB Real Estate Investment Trust Announces $40 Million Brokered ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- April 10, 2007 -- BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ("BTB REIT") announced today that it has entered into an engagement letter with Blackmont Capital Inc. to offer trust units ("Units") for maximum gross proceeds to BTB REIT of up to $40,000,000 in reliance on applicable private placement exemptions (the "Private Placement"). The Private Placement will be made on a best efforts basis by a syndicate of investment dealers led by Blackmont Capital Inc. and including National Bank Financial Inc., Dundee Securities Corporation and Genuity Capital Markets (collectively, the "Agents"). The pricing of the Units will be determined by the Agents and BTB REIT in the context of the market. BTB REIT has agreed to grant to the Agents an option to acquire additional Units equal to 15% of the number of Units sold pursuant to the Private Placement.
Aseambankers gets aggresive
PETALING JAYA: Malayan Banking Bhd (Maybank) has long been the country's biggest commercial bank but its merchant banking and stockbroking units were not similarly ranked in their respective sectors. That has started to change. Aseambankers Malaysia Bhd, the group's investment bank, has moved up the league tables and rankings. It was among the market leaders in the issue of bonds and advisory mandates for initial public offerings (IPO) last year. Its stockbroking division became more visible in the rankings. Aseambankers was ranked ninth in market share last month, according to Bursa Malaysia's data. It was not even separately ranked among 15 brokers but mixed with small brokers under the others category in the same month last year. Aseambankers appointed Surachet Chaipatamanont as its CEO last July when he mapped new strategies, for which he hired top talent from the industry to execute. He brought in new people for equity research and the market has taken notice of us, he said.
Capital Alliance Income Trust Appoints New Director
SAN FRANCISCO--(BUSINESS WIRE)--Capital Alliance Income Trust ("CAIT") (AMEX:CAA) a specialty lender organized as a real estate investment trust ("REIT"), announced the appointment of Alan R. Jones to its Board of Directors. The appointment satisfies the American Stock Exchange's Small Business filer Independent Director representation requirement. Mr. Alan R. Jones, 52, has worked in investment management consulting, venture capital and investment banking. Since 2004 he has served as Managing Partner of A.R. Jones & Associates, LLC, a placement agent specialized in investment management, private equity and commercial real estate. In 2000 Mr. Jones co-founded Rampant Venture Group, a venture capital firm, and served as a Managing Partner. From 1981 to 2000 Mr. Jones worked in institutional sales, trading and investment banking for Morgan Stanley and Salomon Brothers in both New York City and San Francisco.
Mah Sing to expand into Penang soon
KUALA LUMPUR: Mah Sing Group Bhd is looking to spread its wings to Penang where a project could materialise within two years, said group managing director and group chief executive Datuk Leong Hoy Kum. We look at land banks (in Penang) almost everyday, he said after the signing of an underwriting agreement with MIMB Investment Bank Bhd, its adviser and underwriter, and co-underwriter Hwang-DBS Investment Bank Bhd. Leong said the companys focus would be on medium- to high-end landed residential properties as these properties were quite scarce in Penang. The underwriting agreement was for Mah Sing's corporate exercise involving a rights issue, share split and bonus issue, targeted for completion by June. Mah Sing had proposed a one-for-four renounceable rights issue of up to 53.04 million shares at an issue price of RM3.30 per share, a subdivision of its RM1 share into two 50 sen shares and a subsequent one-for-five bonus issue of up to 106.08 million shares. The rights issue would be undertaken by the companys substantial shareholders, Leong and Koperasi Permodalan Felda Bhd.
Citi to Buy Taiwanese Bank for $426M
TAIPEI -(Dow Jones)- Citigroup Inc. (C) said Monday it will buy Taiwan's Bank of Overseas Chinese (5818.OT) for NT$14.1 billion (US$426 million) to create Taiwan's largest foreign bank by assets as the U.S. financial giant aims to expand its overseas business. In an all-cash deal, reached after prolonged negotiations that lasted nearly a year, Citigroup will pay NT$11.8 a share to acquire the Taiwanese lender. The deal is expected to be completed in the second half of 2007. The final price is "subject to certain pre-closing adjustments," according to the joint statement issued by Citigroup and the Bank of Overseas Chinese. The two banks will have total assets of US$22.8 billion and 66 branches. Bank of Overseas Chinese currently has 55 branches on the island, while Citigroup has 11.
|
