China Everbright Intl raises $472 million

The China-based water treatment and clean energy company attracts strong demand for its top-up placement, while Korea’s Doosan Infracore sees a more muted response to its $400 million GDR sale.

China Everbright International CEI, a Hong Kong-listed water treatment and clean energy company, on Tuesday night raised HK$3.66 billion $472 million from a top-up placement that attracted strong demand from long-only funds in particular.

The deal priced 24 hours after Korea’s Doosan Infracore raised $400 million from the sale of global depositary receipts GDRs, indicating that investors are still happy to add to their portfolios even though year-end is just three weeks away.

That should be good news for the number of initial public offerings that have hit the market this week with the aim of listing before the New Year.

...

¬ Haymarket Media Limited. All rights reserved.

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