Yesterday turned out to be a busy day in the Asian equity capital markets. This is to be expected as more stocks become eligible for sale following the expiry of blackouts around first-half or second-quarter earnings announcements.
Aside from Permira’s $755 million sell-down in Galaxy Entertainment last night, China Everbright International CEI was also in the market yesterday with a top-up placement that raised $162 million. And, in India, HSBC sold its 4.98% stake in Federal Bank through a block trade that launched late on Monday but priced yesterday morning, raising Rs3.41 billion $61 million.
China Everbright International
Hong Kong-listed CEI is involved in...
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