OUE

OUE is proposing to raise up to $200m via a convertible bond issue and concurrently, its controlling shareholder Golden Concord Asia intends to place out 52m shares representing about 26.5% of the company at indicative price range of $11.50-$14.00. The proceeds of the convertible notes will be used to acquire development sites. Books will close Jun 14 with trading commencing Jun 15.