Kerry PropertiesÆ upsized offering raised HK$4.15 billion $533 million at a 5% discount to the latest close, while Beijing Enterprises Holding sold HK$3.71 billion $476 million worth of shares at a 5.6% discount. Both deals were top-up placements, which means an existing shareholder sold secondary shares to the market and then subscribed to the same number of new shares at the same price to allow the company to pocket the proceeds.
Notably, both placements were priced inside...
¬ Haymarket Media Limited. All rights reserved.
