The deal was completed at a 15% discount to yesterdayÆs close of HK$20.40. That big a discount is unusual for a Hong Kong placement, but observers say the seller may have felt that it was necessary given that ChalcoÆs share price almost doubled during the final two weeks of August. At the final size, this is also the largest block trade in Asia since CNOOC sold $1.98 billion worth of new shares in April 2006. It accounts for 22.4% of ChalcoÆs...
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