The UBS-led deal was priced towards the bottom of the range at HK$31.20, which translated into a 4% discount to the latest close, but meant the company was able to get fresh funds at a premium to where its shares closed only one day earlier.
The offering was likely timed to take advantage of the pent-up demand for Fosun InternationalÆs initial public offering on July 9, which was heavily oversubscribed and left most investors with...
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