Tsingtao block trade

Tsingtao shareholder pockets $193 million from block trade

The deal is the first equity transaction to hit the Asian markets after the Greek election and comes just days after Tsingtao's shares close at an all-time high.
<div style="text-align: left;">
Analysts are upbeat about Tsingtao's outlook (ImagineChina)
</div>
<div style="text-align: left;"> Analysts are upbeat about Tsingtao's outlook (ImagineChina) </div>

The second-biggest shareholder in Tsingtao Brewery last night raised HK$1.5 billion $193 million from a block trade that became the first Asian equity transaction to hit the market after the elections in Greece. Many issuers and investors have been sidelined ahead of the election because of concerns that markets would take another dive if the anti-austerity Syriza party was returned to power.

That didn’t happen. However, while Asian markets finished higher amid hopes that the winning New Democracy party will be able to form a coalition government that can push through the austerity measures needed to eventually get Greece out of its current mess, European markets started to ease...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222