BenQ brings block

Taiwanese multimedia products manufacturer raises $187 million.

BenQ took advantage of positive share price momentum on Thursday December 8 to raise $187 million from a 40 million unit GDR led by Citigroup.

The transaction has a split of 75% primary shares and 25% secondary shares. The latter comprised a sell-down by major shareholder Acer Corp, which saw its stake drop from 9.4% to 7.4%.

The deal was marketed on a range of $4.58 to $4.78, equating to a...

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