Despite a sluggish jobs report out of the US and renewed concerns about weaker growth in China, the Asian capital markets had a busy start to the week with two block trades launching after the close on Monday. Bumrungrad Hospital sold its entire 25% stake in Bangkok Chain Hospital, raising Bt4.56 billion $143 million, and Alliance Global Properties offloaded its remaining shares in Singapore-listed Mapletree Logistics Trust MLT reaping total proceeds of S$133.8 million $105 million.
Both deals came on the back of steady share price gains, but still met with relatively good demand and the Bangkok Chain offering was even upsized by 24%.
Earlier...