Brief: UBS prices secondary shares sale for NVC
UBS sold a secondary block trade in NVC Lighting shares last week, raising HK$503.75m ($64.58m) for a non-affiliate shareholder. The deal priced at the bottom of a HK$4.03-HK$4.12 a share price range.
The HK$4.03 placement price represented a 5.2% discount to the stocks last trading price of HK$4.25 at Thursdays close. The stock opened at HK$4.08 on Friday morning, and traded up to highs of HK$4.12 during the morning, but closed at HK$3.98.
The deal was oversubscribed with a good
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