early-hong-kong-placements-attract-solid-demand

Early Hong Kong placements attract solid demand

Pre-IPO shareholders in China High Speed Transmission cash in for $200 million, while Parkson's parent offloads $80.1 million worth of shares.
Shareholders in China High Speed Transmission Equipment and Parkson Retail Group sold shares in their respective companies last night, raising a combined $280.1 million.

The sales came on the back of a pretty positive day in the secondary market with the Hang Seng Index û and the rest of Asia - trading higher for most of the day. The HSI dipped below the previous close shortly before the end of the session and finished down 0.25%, but this was still a significant improvement on the weak trading recorded on Monday.

These are the first block trades in Asia this year and the fact that they both attracted solid demand from high-quality investors is expected to...
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