Strong reception for blocks in Digital China and Shui On Land

The Digital China deal is upsized by 33% to $131 million, while Standard Chartered raises $67 million from the termination of a derivatives transaction involving Shui On Land shares.

The chairman of Hong Kong-listed Digital China Holdings last night joined the stream of existing shareholders in various companies taking some money off the table with a block trade that raised HK$1.02 billion $131 million.

The deal, which was initially intended to raise up to $98 million, attracted a lot of demand and was upsized by 33%. The price was also fixed at the top of the offering range.


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