The blackout period is officially over. Four accelerated share offerings launched Monday night in Hong Kong amid soaring stock markets.
Singaporean life insurer Great Eastern Holdings raised $555 million after offloading 85 million shares in New China Life Insurance in a block trade last night, taking advantage of a 19% six-day spike in share prices in the mainland insurance company.
UBS meanwhile sought to raise $303 million by selling 490 million shares in China Cinda Asset Management, also utilizing strong stock market performance in the Chinese distressed asset manager to launch the block its shares have risen 22% since April 2. UBS secured...
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