share sale

It is the first selldown by shareholders in the Chinese online retailer, which listed its shares on Nasdaq in May, paving the way for Alibaba.

The deal, which included a $260 million sell-down by the government, is priced at the top of the range after being 6.7 times covered.

The secondary share sale in the Indonesian car parts maker attracts robust demand, with Japan’s Toyota Tsusho taking about one-third of the deal. The stock jumps after the transaction.

The secondary share sale in the automotive component company is expected to raise up to $300 million.

Melco Crown started investor education this week for a placement in its Philippines unit to help fund the development of a casino project in Manila.

In the first offering since its IPO in March last year, the Chinese online discount retailer plans to use the proceeds for capital expenditure.

The deal is priced at a 0.1% discount to the dividend-adjusted close, which is the tightest ever for a Singapore Reit placement.

The US private equity firm halves its stake in the Indian commercial vehicle financier to about 10% after the share price gains more than 80% last year.

Shareholders have approved the sale of up to 1.2 billion shares and sources say the issue could raise about $175 million.