ABB/Block Trades

  • KDIC takes W149bn from Woori Financial block

    KDIC takes W149bn from Woori Financial block

    A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter.

  • Rare jumbo Tencent block leaves investors wanting more

    Rare jumbo Tencent block leaves investors wanting more

    Investors put in a staggering $60bn of orders for an accelerated offering of Tencent Holdings’ stock on Wednesday, a deal that saw Dutch internet company Prosus taking home HK$114.17bn ($14.67bn) from a record-breaking overnight share sale. Jonathan Breen reports.

  • Stark block trade fetches Bt3.77bn

    Stark block trade fetches Bt3.77bn

    The controlling shareholder of Thailand’s Stark Corp has sold a chunk of his shares in the company, raising Bt3.77bn ($122.4m) after pricing the deal towards the top of price guidance.

  • European ECM suffers as US sell-off continues

    European ECM suffers as US sell-off continues

    European equity capital markets continued to reel from volatility across the Atlantic on Friday. A sell-off in tech stocks is making the block trade market difficult and a popular IPO suffered on its first day of trading.

  • SK Biopharma dives after block

    SK Biopharma dives after block

    SK Holdings pocketed W1.12tr ($1bn) from a block trade of SK Biopharmaceuticals, but the deal hit the South Korean drug company’s share price hard, sending it tumbling more than 17%.

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