Investors kept busy as four blocks hit the HK market

Shandong Weigao accounts for the bulk of the volume with a $227 million follow-on, while gold miner Sino Prosper raises $54 million of fresh capital and existing shareholders trim their stakes in Value Partners and China Metal Recycling.

Hong Kong’s stock market slumped for a second day running yesterday, but investors clearly aren’t afraid to put their money to work in companies they like, especially not if they can do it at a discount. Indeed, Hong Kong saw no fewer than four placements completed last night, which allowed two companies to raise fresh capital and two existing shareholders to monetise part of their holdings.

¬ 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 [email protected]. Our subscription team will be happy to assist you.

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