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Asia EquityAsia Follow-ons and Rights Issues

Alibaba Health seals HK’s largest follow-on in five years

Hong Kong_adobe_12May_575

Alibaba Health Information Technology navigated concerns around its lofty valuations to pull off Hong Kong’s largest primary follow-on in five years, raising HK$10bn ($1.29bn) after boosting the size of the deal. The transaction closed with a bulging book, showing that demand for the healthcare sector is yet to peak. Jonathan Breen reports.

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