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  • Korea Development Bank is looking to make an opportunistic exit from Kumho Petrochemical, launching a W338.2bn ($306m) block on Wednesday evening after the company’s stock rose by 3.25%.
  • Nasdaq-listed Qunar Cayman Islands, a provider of online travel services, is in the market with a follow-on offering of 8m American Depositary Shares (ADS) which could raise some $360m based on its current share price.
  • TCC International Holdings, a manufacturer and importer of cement, will raise HK$3.63bn ($468.23m) in a rights issue fully underwritten by its major shareholder, BNP Paribas and JP Morgan.
  • Korea Exchange Bank is back in the market one year after paring down its holding in SK Hynix, and is this time looking to raise W101bn ($91m) from a similar sell-down.
  • Weak market conditions on Thursday found their first casualty in property developer Evergrande Group, which raised HK$4.65bn ($600m) via a top-up placement of shares that saw a severe shake-up in terms before wrapping up.
  • Warburg Pincus, which first invested in Hong Kong-listed Car Inc in 2012, pared down its ownership through a HK$3.11bn ($401m) block on May 27, which was priced at the middle of guidance as the seller took a strategic stance on secondary performance.