Shenzhen International tops up placement to $250m

By Rashmi Kumar
06 Nov 2014

Shenzhen International Holdings raised $250m via a top-up placement on the evening of November 4, managing to exercise an increase option thanks to two days of wall-crossing ahead of the trade.

When books opened at 5pm Hong Kong time on Tuesday, it was for a base offering size of 105m shares that was offered to investors at a range of HK$10.93-HK$11.23 a share.

The momentum for the deal was strong from the beginning. Placing agents Morgan Stanley, JP Morgan ...

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