CDH Investments made an unexpectedly early return to market with the divestment of roughly one third of its stake in Hong Kong-listed WH Group on Thursday. The private equity firm was back with a HK$6.25 billion $806 million sale only two months after a previous sale of the pork producer’s shares in late August.
At that time, the PE firm raised $900 million from the sale of 1.17 billion shares and agreed to a six-month lockup. This meant it should not have been able to conduct another deal until February next year.
However, the move is not without precedent and allowable if a company...
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