Standard Chartered Financial Holdings defied tumbling markets in Europe to raise $211.5 million in a block trade in China Cinda Asset Management on Wednesday night in Hong Kong.
European stocks pulled back after Greece and its creditors rejected each other's revised plans for a debt deal. A proposal from Prime Minister Alexis Tsipras was turned down by Greece's creditors, who in turn handed the government new terms for a deal to unlock bailout funds.
In Asia, the backdrop was slightly more positive, with the Hang Seng Composite Index rising 1.2% this week, following a 0.38% decline last week. Shares in the distressed debt manager have...
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