ipo-pause-opens-the-door-for-hk-placements

IPO pause opens the door for HK placements

Chairman of tobacco flavouring company Huabao sells $150 million worth of shares, while battery maker Tianneng Power raises $50 million from the sale of new and existing shares.

After a couple of weeks with all eyes on initial public offerings, investors last night had two Hong Kong placements to choose from. Chairman Chu Lam Yiu continued to reduce her holdings in Huabao International Holdings with a second sell-down in six months, raising HK$1.16 billion $150 million. And Tianneng Power International raised fresh capital from a HK$387.5 million $50 million top-up placement that comprised both new and existing shares.

The wave of Hong Kong IPOs that hit the market in September is coming to an end with the pricing of the final deal yesterday see separate story on our website today and the trading debut of four companies today and...

¬ 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