Demand for Hopewell high as markets melt down

An unidentified institutional investor successfully sells a 3% interest in the Hong Kong company at a 4% discount to the July 31 closing share price.

An institutional shareholder of Hong Kong-listed Hopewell Holdings braved volatile equity markets on Tuesday night to cash out of a 3% stake in the company. The investor was rewarded with healthy demand, enabling shares to be placed at a discount of just 3.96%.

Through its subsidiaries, Hopewell Holdings develops real estate and invests in property and infrastructure projects, provides agency construction and project management services, as well as runs hotels, restaurants and a food catering business.

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