Baring raises $52m in Yingde sell-down
Baring Private Equity has raised HK$402.5 million ($52 million) through the block sale of Yingde Gases shares on the Hong Kong Stock Exchange, reducing its holding in the company by one third.
Baring offered HK$8.05-8.25 per share, which represented a 4.2-6.5% discount on Yingde's closing price yesterday, according to Finance Asia. On the whole, the value of Yingde's stocks have increased 32%...
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