While the Credit Suisse-led deal met with good demand among primary market investors, it is bound to cause some disappointment among existing Hopson shareholders given that it comes only six weeks after the Tiger Fund sold half its stake through a similarly sized placement.
The share price dipped after that sale and has been slow to recover despite a surge in the share price of other Mainland developers in recent weeks. However, in the three days just before last FridayÆs November 3 placement the stock rallied 10.7% to ThursdayÆs...
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