Mixed performance after sell-downs in Youku Tudou and Soufun

Youku Tudou rallies after a Temasek affiliate raises $185 million from the sale of its entire stake, while Soufun falls below the placement price after General Atlantic reduces its holdings by $124 million.

Mixed performance after sell-downs in Youku Tudou and Soufun

Two shareholders in Youku Tudou and Soufun Holdings took advantage of the recent gains in internet-related stocks at the end of last week to monetise all or part of their holdings in the two US-listed Chinese companies.

Sennett Investments, which is an affiliate of Temasek Holdings, sold its remaining 6% stake in internet video site Youku Tudou, raising $184.8 million, while private equity firm General Atlantic sold close to 20% of its holdings in...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...