Great Eagle director sells his private stake for $192 million
Arrangers DBS Asia Capital double the size of the initial offer as investors covet a special dividend.
A member of the family that controls Hong Kong property investor and developer Great Eagle Holdings has sold his entire 9.2% stake in the company to raise money to refinance some of his other investments.
The HK$1.49 billion $192 million sale, which took place on Friday as the share price traded close to a record high, risked upsetting investors who might think that the Lo family is selling because the share price has reached its peak. The same accusations...
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