Tsingtao shareholder pockets $193 million from block trade

The second-biggest shareholder in Tsingtao Brewery last night raised HK$1.5 billion $193 million from a block trade that became the first Asian equity transaction to hit the market after the elections in Greece. Many issuers and investors have been sidelined ahead of the election because of concerns that markets would take another dive if the anti-austerity Syriza party was returned to power.

That didn’t happen. However, while Asian markets finished higher amid hopes that the winning New Democracy party will be able to form a coalition government that can push through the austerity measures needed to eventually get Greece out of its current mess, European markets started to ease...