Wuxi, Qatar deals bag $1bn as Tencent could top $10bn

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By John Loh
22 Mar 2018

Hong Kong stole the show for overnight share sales in Asia this week as three transactions worth a total of $1.3bn were priced — before a monster $10.6bn sell-down in Tencent Holdings launched as GlobalCapital Asia went to press on Thursday.

Wuxi Biologics, which debuted in the stock market last June, was back in the market on Wednesday evening for its second follow-on since the IPO.

Sole bookrunner Morgan Stanley helped the company raise HK$4bn ($512m) in primary capital, as well as HK$700m for Wuxi Biologics’s chairman in a ...

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