Strong reception for blocks in Digital China and Shui On Land

The Digital China deal is upsized by 33% to $131 million, while Standard Chartered raises $67 million from the termination of a derivatives transaction involving Shui On Land shares.

The chairman of Hong Kong-listed Digital China Holdings last night joined the stream of existing shareholders in various companies taking some money off the table with a block trade that raised HK$1.02 billion $131 million.

The deal, which was initially intended to raise up to $98 million, attracted a lot of demand and was upsized by 33%. The price was also fixed at the top of the offering range.

Separately, Standard Chartered Bank sold approximately 142.1 million shares in property developer Shui On Land as part of the unwinding of an equity swap with Shui On Land’s chairman Vincent Lo. The deal raised HK$520...

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