Long-term shareholders sell stakes in Honghua, CIMC Enric

The two deals raise a combined $220 million and come at the end of a quarter that has been dominated by follow-ons and block trades.

As if to underline that the first quarter this year has been largely about follow-on issues and block trades, two more Hong Kong blocks hit the market last night, raising a combined $220 million. They came with just one day to spare before the Easter holidays and seemingly with no second thoughts about the fact that the trades won’t settle until next Wednesday.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media