Pre-IPO shareholders take profits in Intime and Yingde Gases

And automotive parts manufacturer Minth raises $153 million in fresh capital from a top-up placement, taking advantage of a pickup in investor interest in Asian stocks.

The Hong Kong market's more positive tone over the past couple of weeks is encouraging shareholders to realise some profits -- especially those investors who have held shares in a company since before its listing. Last night Warburg Pincus sold slightly less than one-third of its holding in Intime Department Store Group, raising HK$777 million $100 million and on Wednesday night, three pre-IPO investors sold HK$1.12 billion $145 million worth of stock in Yingde Gases, a producer of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES