Hong Kong's blocks market abuzz as action heats up

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By Jonathan Breen
24 Jun 2020

A flurry of overnight block trades hit Hong Kong's equity market this week.

Chinese medical device manufacturer MicroPort Scientific Corp raised HK$1.55bn ($200m) on Monday after selling new stock.

MicroPort issued 66m primary shares for the deal, equal to 3.66% of its enlarged share capital. It sold the stock, through sole placing agent JP Morgan, at HK$23.50 apiece after an accelerated bookbuild ...

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