Pacific Basin VC's cash out

Pre-IPO investors take advantage of record high share price.
September 07, 2005

Pacific Basin VC investors IDB Carriers and Dry Bulk Shipping took advantage of a record high share price yesterday (Wednesday) to almost sell out their entire position in the company. Under the lead of Goldman Sachs, the two divested a 15.7% stake, raising HK$795.58 ($102.4 million) via the sale of 198.4 million shares.

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