Korean and Hong Kong blocks ignite equity markets

Secondary market deal activity appears to be picking up with back-to-back deals from Korea Aerospace Industries and Man Wah Holdings.
Secondary market trades starting to take off
Secondary market trades starting to take off

The completion of a $287 million block trade in Korea Aerospace Industries KAI on Wednesday and a $99 million clean-up trade in Man Wah Holdings one day earlier may finally herald the end of a dry period for secondary market equity deals following a very arid start to 2016.

So far this year, the only major deals have been Samsung SDI’s $455 million sale of Samsung CT shares in late February and the Indian government’s $732 million offer for sale in NTPC earlier the same month.

More recently, there have been a handful of $100 million plus deals with IBM’s...

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