Deals for Bangkok Dusit and CKI defy weak markets

Yesterday seemed like an unlikely day to launch a deal. Equity markets in Asia were mixed, but Hong Kong was down for a second day and Europe was looking weak again. And on top of that, China Pacific Insurance fell sharply on Monday on the back of a sell-down by Carlyle last Friday.

But by 6pm Hong Kong time last night, there were not just one, but three Asian deals in the market, competing for investor attention Cheung Kong Infrastructure was seeking to raise fresh capital from a top-up placement an institutional seller was offloading its entire stake in Bangkok Dusit Medical Services and the chairman of Quanta Computer was...