demand-for-hopewell-high-as-markets-melt-down

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.

Equity markets across the region have been turbulent and sentiment has been mostly bearish, as investors start getting nervous about the fallout of the US subprime situation. On July 27, the Hang Seng Index shed 2.8% to a close...
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