New World exits investment in China Everbright International

New World Holdings raises $91 million from the sale of its remaining 4.8% stake at a 4% discount.

NWS Holdings last night sold its entire remaining stake in China Everbright International, a company involved in the management of various environmental protection projects, raising HK$708.8 million $91 million. The sale came after the Hong Kong stock market shook off the decline over the past couple of days and gained 1.25%. China Everbright International also gained 2.4% on the day, adding to an already strong performance over the past month.

The seller, which is the infrastructure and services...

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