Minsheng tops up capital with $1.4bn share placement
China Minsheng Banking Corp raised HK$11.21bn ($1.44bn) at the start of this week, after launching a share placement in Hong Kong. The bank managed to price the deal above the middle of its range after getting strong demand — and allocated around $1bn to just 10 investors.
The deal was already covered before its launch on Monday morning, after several investors outside of Hong Kong were approached on Sunday.
The block priced at HK$6.79 a share from a HK$6.65 HK$6.86 price range, representing a 5% discount to the stocks last trading price. The stock
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