placements

Li & Fung raises $504 million from top-up placement

The Hong Kong sourcing company pulls off Asia's second largest follow-on this year. Meanwhile, an existing shareholder sells $58 million of shares in Indonesia's Media Nusantara Citra through a clean-up trade.

<div style="text-align: left;"> Bullseye, the mascot for the Target retail chain (AFP) </div>

Anette Jönsson

March 28, 2012

As more companies are releasing their 2011 earnings, the list of companies lining up to take advantage of the strong start to the year in the secondary markets is growing. The latest in the row is Hong Kong-listed sourcing company Li & Fung, which last night raised HK$3.91 billion ($504 million) from a top-up placement.

Sign In to Your Account Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.