SJM to raise HK$5 billion through term loan, rights issue in bid to satisfy Macau share capital requirement
SJM Holdings has announced it will raise almost HK$5 billion (US$637 million) in equity via a HK$2 billion (US$255 million) term loan from its controlling shareholder Sociedade de Turismo e Diversões de Macau, S.A. (STDM) and another HK$2.94 billion (US$375 million) via a rights issue.
The proce[...]