Undisclosed vendor pockets $530 million from CCB sale

The block was done after the close on Friday. Also in the market at the same time was a $342 million sell-down in Indonesian telecom tower company Sarana Menara Nusantara.

Undisclosed vendor pockets $530 million from CCB sale
The HK$4.1 billion offering in CCB was kept open for just 25 minutes on Friday

The renewed interest among investors to put on risk after the European Central Bank’s plan to help stabilise the eurozone market through buy-backs of government bonds on Thursday evening continued on Friday with several major Asian markets adding more than 2%.

The optimism was given further fuel as China announced a number of infrastructure projects, spanning roads, water and ports, to prevent a further slowdown in its economy.

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