Zhongsheng CB buy-back draws equity interest as stock soars

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Zhongsheng CB buy-back draws equity interest as stock soars

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Zhongsheng Group Holdings tapped the equity-linked market for HK$4.56bn ($588.4m) this week to repurchase an outstanding convertible bond. The firm found strong demand from the usual sets of investors but also got new names looking for defensive opportunities. Jonathan Breen reports.

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