CLP raises $982 million from sale of new shares

The deal is priced at a relatively tight discount of 5.9%, but attracts strong demand from retail investors and other yield-focused accounts.

CLP raises $982 million from sale of new shares

Hong Kong-listed CLP Holdings last night raised HK$7.61 billion $982 million from a placement of new shares that could well be the final large overnight trade in Asia this year. It is also the second largest primary share placement by a Hong Kong-based company this year after Hong Kong Exchanges and Clearing’s $1 billion deal last week.

As the largest producer and distributor of electricity in Hong Kong the company is viewed as a...

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