More than just automotive enthusiasts were paying attention when leading car and bus assembler Ghabbour Automotive went public last month: The local assembler and retailer giant’s private placement closed seven-times oversubscribed, while buyers asked for 4.5 times more shares than were made available in its public offering.

Rubicon rises above sub-prime undertow (The Australian)
GORDON Fell's Rubicon America Trust, which yesterday reported a 6 per cent increase in distributions a unit, said it had no exposure to the US sub-prime residential sector.