Shareholder sells $98 million worth of Yue Yuen shares

Hong Kong-listed shares in Yue Yuen have risen more than 17% in the past month.

The controlling shareholder of Yue Yuen Industrial Holdings, a contract footwear manufacturer, yesterday took advantage of a recent rally in the company's share price by selling HK$757.5 million $98 million worth of shares.
The Tsai family, which controlled 49.98% of Yue Yuen before this transaction, offered 30 million secondary shares, or 1.8% of the company, at a price between HK$25 and HK$25.75 apiece through its investment vehicle, Quicksilver Profits. The price range represented...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition