HKT Trust chairman Li rings up $161m sell down

11 Apr 2013

HK Trust chairman Richard Li netted HK$1.25bn ($161m) in the first major sell down in the company since it listed in November 2011.

The deal was completely opportunistic, said bankers, with books opening early afternoon on April 11. Demand was such that the deal was completely covered within a couple of hours. This was thanks in part to an anchor investor who agreed to take 70% of the units on offer ...

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