Tsingtao shareholder pockets $193 million from block trade

The second-biggest shareholder in Tsingtao Brewery last night raised HK$1.5 billion ($193 million) from a block trade that became the first Asian equity transaction to hit the market after the elections in Greece. Many issuers and investors have been sidelined ahead of the election because of concerns that markets would take another dive if the anti-austerity Syriza party was returned to power.