US markets deliver low blow to Anta placement

Top up placement hit by sell-off in US equities, falling just below issue price during secondary market trading.

Founder Ding Shizong and boxer Manny Pacquiao

Jackie Horne

March 22, 2017

A 175 million primary share top up placement for Anta Sports Products fell foul of an abrupt change in market sentiment overnight in the US on Tuesday, prompting the Hong Kong-listed stock to fall just below the transaction's issue price when it resumed trading on Wednesday.

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