Rapid block nets CCB shareholder $266m
A big shareholder in China Construction Bank sold part of its stake on Tuesday night to raise HK$2.076bn ($266.6m), selling 400m shares in the stock after a bookbuilding process that closed in just 15 minutes.
Some rival bankers criticised the execution, suggesting that it would have been better for the seller if the shares has been sold in the open market throughout the day. The size of the deal represented about two days of trading volumes in the stock.
The client could have got
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