Disclosure filings made to the Hong Kong stock exchange on Monday confirmed that Jinjun, which is owned by Hong Kong tycoon Cheng Yu Tung through his Chow Tai Fook Nominee investment company, was the seller of the HK$7.78 billion $998 million worth of Ping An Insurance shares that went through the market on Wednesday morning last week.
The transaction, which comprised part of the shares that Jinjun bought through a private placement in March this year, was described as a public block trade that went largely under the radar as it was placed with just a small group of investors. It was arranged by Goldman Sachs and completed at...
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