Xiabuxiabu shares raise HK$982m in first 2018 block

Hot Pot 230x150
By Jonathan Breen
04 Jan 2018

General Atlantic Singapore raised HK$982.2m ($125.6m) on Thursday after upsizing a sale of Xiabuxiabu Catering Management China Holdings stock in Hong Kong’s first block trade of the year, according to a source close to the deal.

Sole bookrunner Credit Suisse opened books for the deal after the city’s market closed on Wednesday. The vendor was looking to sell 45m shares at anywhere from HK$13.65 to HK$14.1 apiece, giving it a potential take of HK$614.3m-HK$634.5m.

The range gave Credit Suisse a discount of 6.5%-9.5% to ...

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