Yingde Gases block

Pre-IPO investor cuts stake in Yingde Gases to below 5%

Baring Private Equity sells down its holding in Yingde Gases to raise $52 million after a 32% gain in the share price during the past month.

Baring Private Equity last night sold slightly more than one-third of its remaining shares in Hong Kong-listed Yingde Gases through a block trade, raising HK$402.5 million ($52 million). While small in size, the transaction shows that investors are willing to commit capital to the right names and that deals can get done if the sellers act quickly and make use of the brief windows as they open up.

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