ABB/Block Trades

  • HK investors gobble up EV maker, dairy blocks

    HK investors gobble up EV maker, dairy blocks

    A pair of large block trades this week showed the depth of Hong Kong’s equity capital market, with more than $3bn raised by conglomerate China Evergrande Group and European food products company Danone. Jonathan Breen reports.

  • Orient Overseas block goes for HK$840m

    Orient Overseas block goes for HK$840m

    A Chinese state-owned shareholder of Orient Overseas (International) has raised HK$840m ($108.2m) from the sale of a block of shares, according to a source familiar with the matter.

  • China Gas launches $1.55bn share sale

    China Gas launches $1.55bn share sale

    China Gas Holdings has kicked off a top-up share placement, eyeing up to HK$12.05bn ($1.55bn), according to terms seen by GlobalCapital Asia.

  • Anta Sports block fetches $1.5bn

    Anta Sports block fetches $1.5bn

    The controlling shareholder of Anta Sports Products has offloaded some of its stake through a HK$11.57bn ($1.49bn) block trade, capitalising on recent gains in the sportswear company’s stock.

  • Kakao chairman trims stake after charity pledge

    Kakao chairman trims stake after charity pledge

    The chairman of South Korea’s Kakao Corp has kicked off his official pledge to donate more than half of his wealth to society by raising about W500bn ($448m) from a stake sale in the messaging app on Thursday.

  • India seeks banks for fertiliser divestments

    India seeks banks for fertiliser divestments

    The Indian government is looking for banks to help offload its stakes in Rashtriya Chemicals & Fertilizers and rival National Fertilizers, sending out two requests for proposals for the divestments.

  • KDIC takes W149bn from Woori Financial block

    KDIC takes W149bn from Woori Financial block

    A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter.

  • Rare jumbo Tencent block leaves investors wanting more

    Rare jumbo Tencent block leaves investors wanting more

    Investors put in a staggering $60bn of orders for an accelerated offering of Tencent Holdings’ stock on Wednesday, a deal that saw Dutch internet company Prosus taking home HK$114.17bn ($14.67bn) from a record-breaking overnight share sale. Jonathan Breen reports.

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