Trio raise $550m in busy week for Asian blocks

By Jonathan Breen
08 Sep 2016

Asia’s block market got a boost this week as investors sold down stakes in Longfor Properties Co and People's Insurance Company of China (PICC) in Hong Kong, while Lippo Group trimmed its holding in Indonesia’s Matahari Department Store.

Junson Development International launched a block on Wednesday evening to offload HK$1.8bn ($232.1m) worth of Longfor shares.

Joint leads Credit Suisse and Goldman Sachs opened books for ...

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