credit-suisse-completes-two-hong-kong-block-trades-in-one-day

Credit Suisse completes two Hong Kong block trades in one day

Hopson sees third share sale in seven weeks as Temasek cashes out, while China Power International raises fresh capital on the back of a share-price rally.
Credit Suisse had a busy day yesterday completing placements for two separate Hong Kong-listed companies, one of which marked the third block trade involving shares of Hopson Development in seven weeks.

This time it was Singapore investment company Temasek which wanted to sell all its remaining shares in the developer and it managed to do so via an extremely quick trade during Hong KongÆs two-hour lunch break. The sale was priced at the bottom of the indicated range, which wasnÆt surprising given the limited execution time, and raised a total of HK$1.32 billion $169 million.

The other deal was a top-up placement for China Power International which took the opportunity to raise fresh...
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