Jiumaojiu top-up, block fetches combined $155m

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By Jonathan Breen
16 Jul 2020

Jiumaojiu International Holdings bagged HK$839.3m ($108.3m) from a top-up share placement on Wednesday, with a group of employees also pulling off a concurrent block trade.

The Chinese restaurant manager lined up placing agents CICC, CMB International and Credit Suisse to run an accelerated bookbuild for the top-up and the block trade.

The trio were initially marketing 86m Jiumaojiu shares, of which 66m were primary and 20m secondary, at HK$11.80 to HK$12.18. The range ...

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