Shareholders raise $156m from Xinyi Glass placement

By Rev Hui
04 Sep 2013

Seven shareholders have raised HK$1.21bn ($156m) through a placement of shares in Xinyi Glass Holdings on September 3.

Selling shareholders Full Guang Holdings, Goldbo International, Goldpine, High Park Technology, Herosmart Holdings, Linkall Investment and Sze Tang Hung sold 180m secondary shares, after a 50m greenshoe was taken up. The shares priced at HK$6.70, a 5.23% discount compared to the HK$7.07 closing on September 3.

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