Deals for Bangkok Dusit and CKI defy weak markets

An institutional investor exits Thai hospital group Bangkok Dusit via a $135 million block trade, while CKI seeks to raise at least $298 million from a top-up placement.

Deals for Bangkok Dusit and CKI defy weak markets

Yesterday seemed like an unlikely day to launch a deal. Equity markets in Asia were mixed, but Hong Kong was down for a second day and Europe was looking weak again. And on top of that, China Pacific Insurance fell sharply on Monday on the back of a sell-down by Carlyle last Friday.

But by 6pm Hong Kong time last night, there were not just one, but three Asian deals in the market, competing for...

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