Sell-down in Yurun raises $106 million

An unidentified institutional investor clears its 4.6% stake in the food company.

A sell-down in China Yurun Food Group yesterday raised HK$833 million $106 million for an undisclosed, non-affiliated institutional seller. The seller cleared its entire 4.6% stake in the company.
 
A total of 70.9 million shares were offered at a price between HK$11.63 and HK$12 a share, representing a discount of between 4% and 7% to yesterday's closing price of HK$12.50. The final price was set at HK$11.75, just below the mid-point, for a 6%...

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