Pre-IPO shareholders take profits in Intime and Yingde Gases

And automotive parts manufacturer Minth raises $153 million in fresh capital from a top-up placement, taking advantage of a pickup in investor interest in Asian stocks.

The Hong Kong market's more positive tone over the past couple of weeks is encouraging shareholders to realise some profits -- especially those investors who have held shares in a company since before its listing. Last night Warburg Pincus sold slightly less than one-third of its holding in Intime Department Store Group, raising HK$777 million $100 million and on Wednesday night, three pre-IPO investors sold HK$1.12 billion $145 million worth of stock in Yingde Gases, a producer of gases that are used for the production of steel and chemicals, that listed in Hong Kong last October.

The Yingde Gases deal was particularly interesting as it was initially only planned to be about $35...

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