BenQ brings block

Taiwanese multimedia products manufacturer raises $187 million.

BenQ took advantage of positive share price momentum on Thursday December 8 to raise $187 million from a 40 million unit GDR led by Citigroup.

The transaction has a split of 75% primary shares and 25% secondary shares. The latter comprised a sell-down by major shareholder Acer Corp, which saw its stake drop from 9.4% to 7.4%.

The deal was marketed on a range of $4.58 to $4.78, equating to a discount of 3% to 7%. It was priced at a 4.9% discount after the order book closed two times covered.

Some 27 accounts participated, of which 20 came from Asia and...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222