China Everbright Intl raises $472 million

The China-based water treatment and clean energy company attracts strong demand for its top-up placement, while Korea’s Doosan Infracore sees a more muted response to its $400 million GDR sale.

China Everbright Intl raises $472 million

China Everbright International CEI, a Hong Kong-listed water treatment and clean energy company, on Tuesday night raised HK$3.66 billion $472 million from a top-up placement that attracted strong demand from long-only funds in particular.

The deal priced 24 hours after Korea’s Doosan Infracore raised $400 million from the sale of global depositary receipts GDRs, indicating that investors are still happy to add to their portfolios even though year-end is just three...

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