Wasion scoops $95m as STP covers books

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Wasion scoops $95m as STP covers books

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High-voltage wires and transformers. Electrical distribution station | Deyan Georgiev/Deyan Georgiev - Fotolia

Wasion Group Holdings, a maker of utility distribution devices, has raised HK$734.40m ($94.76m) in a top-up placement and sale of secondary stock, locking in gains from the rally that gripped Hong Kong’s stock market since last month.

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