Placements in Hong Kong, Philippines

Strong share price gains trigger two more placements

China State Construction raises $293 million from a top-up placement, while Ayala Corp offloads $154 million of treasury shares.
<div style="text-align: left;"> Hong Kong: Markets remain busy in the run-up to summer holidays </div>
<div style="text-align: left;"> Hong Kong: Markets remain busy in the run-up to summer holidays </div>
July 18, 2012

Activity in the Asian equity markets continues with two more deals last night. China State Construction International Holdings boosted its capital by HK$2.27 billion ($293 million) through a top-up placement that was upsized in full, and Philippine conglomerate Ayala Corp sold Ps6.45 billion ($154 million) of treasury shares.

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