Ping An sells remaining stake in Value Partners

Ping An raises $82 million from the sale of its entire 6% stake in the Hong Kong-listed fund manager, two months after its previous sell-down.

Ping An sells remaining stake in Value Partners
Photo: ImagineChina

The asset management arm of Ping An Insurance has sold its remaining 6% stake in Hong Kong-listed Value Partners through a block trade, raising a total of HK$639.9 million $82 million. The deal was done at a 9% discount after the market closed last Thursday.

The timing seemed a bit odd, given that the Hong Kong market was closed on Friday to celebrate the anniversary of the handover. The share price was also...

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