The Hong Kong stock market had another positive day yesterday with the benchmark index adding 0.6% to finish at a new 18-month high. Despite that, only one small block trade launched after the market closed last night a clean-up trade in Chaowei Power Holdings by Chinese private equity firm Hony Capital Management that raised $75 million.
CVC Capital Partners and RBS also reduced their combined stake in suitcase manufacturer Samsonite through a $289 million sell-down see separate story on our website, but that deal was actually completed over the weekend.
However, sources say there are a lot of on-going discussions between vendors and bankers at the...
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