Long-term holder exits Chow Tai Fook Jewellery through $103 million block

The sale comes after the stock jumped 13% yesterday on the back of strong revenue growth in the three months to June.

Long-term holder exits Chow Tai Fook Jewellery through $103 million block

An undisclosed institutional investor last night sold its remaining stake in Chow Tai Fook Jewellery Group, taking advantage of a 13% jump in the share price earlier in the day.

The block trade was well received and was able to price above the bottom of the range for a 7.2% discount to the close and a total deal size of HK$798.2 million $103 million.

The deal came after the jewellery...

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