Yue Yuen and Sinopec launch placements

An active day for the Hong Kong Stock Exchange with two block trades.
May 06, 2003

Two placements each raising about $80 million were launched yesterday (Tuesday), with Credit Suisse First Boston leading a 40 million share deal for footwear manufacturer Yue Yuen Industrial and Merrill Lynch a 457.3 million issue in China's downstream oil major Sinopec.

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