Standard Chartered to raise £3,258mn in right issues
13 October, 2010, 14:56. Posted by Zarathustra
Tags: Standard Chartered
Standard Chartered will raise money through right issue ahead of the Basel III capital requirements, and to take advantage of the strong capital position (after raising capital?) to grow the business, possibly by acquisitions.
Link to the regulatory filing in Hong Kong
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.