Block trades continue to keep the market busy

GIC sells about half its stake in Champion Reit, while the controlling shareholder in Indorama Ventures is aiming to raise up to $226 million from a partial sell-down.

Yesterday saw four block trades in the market, including two deals out of Thailand. And three of the deals were led by UBS on a sole basis, making it an extremely busy evening for the Swiss bank.

The largest of the deals was a sell-down in Indorama Ventures, a Thai company that listed in January last year. It is the world's second largest producer of PET, which is used primarily to make drinks bottles, and is also active throughout...

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