Strong share price gains trigger two more placements

China State Construction raises $293 million from a top-up placement, while Ayala Corp offloads $154 million of treasury shares.

Strong share price gains trigger two more placements
Hong Kong: Markets remain busy in the run-up to summer holidays

Activity in the Asian equity markets continues with two more deals last night. China State Construction International Holdings boosted its capital by HK$2.27 billion $293 million through a top-up placement that was upsized in full, and Philippine conglomerate Ayala Corp sold Ps6.45 billion $154 million of treasury shares.

The share prices of both stocks were close to 52-week highs and Ayala also came on the back of good demand for two other Philippine deals...

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