Tsingtao shareholder pockets $193 million from block trade

The deal is the first equity transaction to hit the Asian markets after the Greek election and comes just days after Tsingtao's shares close at an all-time high.

Tsingtao shareholder pockets $193 million from block trade

The second-biggest shareholder in Tsingtao Brewery last night raised HK$1.5 billion $193 million from a block trade that became the first Asian equity transaction to hit the market after the elections in Greece. Many issuers and investors have been sidelined ahead of the election because of concerns that markets would take another dive if the anti-austerity Syriza party was returned to power.

That didn’t happen. However, while Asian markets finished higher amid hopes that...

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