small-block-trades-send-positive-signals

Small block trades send positive signals

Li Ning's founder sells a 2% stake in the sports retailer for $75 million, while Taiwan's Far Eastern Textile raises $61.3 million from the sale of Asia Cement GDRs.
March 25, 2008
Amid the continued volatility in global equity markets, getting a deal done has become very much about grabbing the window of opportunity when it arises and that is exactly what yesterdayÆs sellers did, allowing them to raise a combined $136.3 million

On a day when most of AsiaÆs markets were up significantly in response to a strong day on Wall Street, Li NingÆs founder and chairman raised HK$588 million $75 million from an upsized share placement, taking advantage of positive sentiment surrounding the company following a positive earnings report and a buying spree ahead of the stockÆs inclusion in the FTSE Asia-Pacific index today.

The Hong Kong-listed sports retailer is still trading 28% below...
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