Ajisen founder sells $125 million of shares to boost liquidity

The Ajisen share sale follows reverse inquiries from investors and is upsized due to strong demand.
<div class="ArticleImageCaption" style="border-width: 0px; text-align: left; padding: 0px; font-size: 9pt; color: rgb(119, 119, 119);">
Ajisen's ramen noodles are popular both with customers and investors. (AFP)</div>
<div class="ArticleImageCaption" style="border-width: 0px; text-align: left; padding: 0px; font-size: 9pt; color: rgb(119, 119, 119);"> Ajisen's ramen noodles are popular both with customers and investors. (AFP)</div>

A block of shares in Ajisen (China) Holdings worth HK$971.6 million ($125 million) changed hands on Friday as Daisy Poon, the founder, chairwoman and CEO, responded to reverse inquiries from investors who wanted access to more stock. The price was fixed close to the bottom of the offering range for a 9.8% discount, but demand was strong and the deal was upsized from about $100 million initially.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To 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 subscriptions@financeasia.com. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media