Baring completes partial exit from China's Yingde Gases
Baring Private Equity Asia has exited part of its stake in Hong Kong listed Yingde Gases through a block trade worth of HK$414 million ($53 million). The partial exit comes after a 40% gain in Yingde’s share price since October 2011.
The gas company recorded a block transaction for a total of 50 million shares before trading began on Monday. The shares were sold at HK$8.29 apiece, representing a 6.9% discount on the Friday closing...
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