After a couple of weeks with all eyes on initial public offerings, investors last night had two Hong Kong placements to choose from. Chairman Chu Lam Yiu continued to reduce her holdings in Huabao International Holdings with a second sell-down in six months, raising HK$1.16 billion $150 million. And Tianneng Power International raised fresh capital from a HK$387.5 million $50 million top-up placement that comprised both new and existing shares.
The wave of Hong Kong IPOs that hit the market in September is coming to an end with the pricing of the final deal yesterday see separate story on our website today and the trading debut of four companies today and...
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