Buoyant capital markets prompt Singapore's Great Eastern Holdings to sell stake in mainland insurer while GIC exits Far East Horizon and UBS moves to offload China Cinda holding.
Choice of targeted club deal reflects jittery market environment, and bankers say they expect more such deals as sellers seek alternative ways to achieve better pricing.
Another scandal is testing investor confidence in China’s troubled railway industry, but one rail company is nevertheless pushing ahead with a $2.3 billion Shanghai IPO.