Sinochem trims stake in Far East Horizon

The club-style deal raises $276 million and is the first block trade to be completed in Asia this year.
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Sinochem is cutting its stake in Far East Horizon to below 30%
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<div style="text-align: left;"> Sinochem is cutting its stake in Far East Horizon to below 30% </div>

Chinese equipment leasing company Far East Horizon became the subject of the first Asian block trade this year when its parent company decided to trim its stake to below 30% through a HK$2.14 billion ($276 million) transaction.

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