Block trend continues with Zhongsheng, OUE, Bumi deals

06 Oct 2010

Zhongsheng Group Holdings, Overseas Union Enterprise and Bumi Resources continued the trend for big Asian blocks trades this week.

The bulk of recent block trades have been Chinese, and the pattern continued with a $232m sale of a 110 million share block in Zhongsheng Group Holdings, one of China’s automotive distributors.

Morgan Stanley — which was involved in Vodafone’s $6.6bn China Mobile selldown and the $1.28 billion TPG ...

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