CDH trims position in Topsports through block

By Jonathan Breen
29 Jan 2021

CDH Investments has pocketed HK$1.81bn ($232.m) after offloading a chunk of shares in Topsports International Holdings, a Chinese sportswear retailer.

The vendor, a Beijing-based alternative asset manager, sold 141.8m of its shares in Topsports on Thursday evening in Hong Kong. The block represented 2.3% of the company’s equity capital.

Joint bookrunners Bank of America and Morgan Stanley kicked off an accelerated bookbuilding process shortly after local markets closed, ...

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