Club deals flavour of the month in Hong Kong

Huadian Fuxin Energy is the latest Hong Kong-listed Chinese company to raise capital via a private placement, following similar deals by China Oilfield Services and China Suntien.

Club deals flavour of the month in Hong Kong

Huadian Fuxin Energy said on Monday that it was selling new shares at HK$3.30 each to a small group of investors, the most recent Chinese company to tap the markets in such a swift fashion ahead of the Chinese New Year holidays.  

The Fujian-based clean energy company raised about HK$1.178 billion $152 million over the weekend to boost its working capital, according to a person familiar with the matter.

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