Pre-IPO shareholder exits Chaowei Power via $75 million trade

Numerous discussions about potential blocks suggest more deals will follow this week. Meanwhile, investor education will start today for a Hong Kong IPO of a key supplier to Apple.

The Hong Kong stock market had another positive day yesterday with the benchmark index adding 0.6% to finish at a new 18-month high. Despite that, only one small block trade launched after the market closed last night a clean-up trade in Chaowei Power Holdings by Chinese private equity firm Hony Capital Management that raised $75 million.

CVC Capital Partners and RBS also reduced their combined stake in suitcase manufacturer Samsonite through a $289 million sell-down...

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