AIA Shareholder Raised HK$541.2 Million Via Share Placement - HSBC
01 Junio 2011 - 7:10AM
Noticias Dow Jones
A shareholder of AIA Group Ltd. (1299.HK) raised HK$541.2
million (US$69.6 million) by selling shares in the insurer through
a placement, HSBC said Wednesday.
NWS Financial Management Services Ltd., a wholly owned
subsidiary of NWS Holdings Ltd. (0659.HK) controlled by Hong Kong
tycoon Cheng Yu-tong, sold 19.72 million AIA shares at HK$27.45
each, said HSBC, the sole bookrunner of the share placement.
The selling price was at the upper end of the HK$27.31 to
HK$27.45 per share guidance range in a term sheet seen by Dow Jones
Newswires on Tuesday.
The sale makes NWS the first cornerstone investor to exit its
investment in the insurance group, a month after a lock-up period
for shares held by such investors expired.
In its initial public offering last year, the insurer secured
US$1.92 billion from seven cornerstone investors, including NWS,
Kuwait Investment Authority, Malaysian property and
financial-services firms Guoco Group Ltd. and Hong Leong Group, as
well as Chow Tai Fook Enterprises Ltd.
AIA shares closed 0.4% lower at HK$27.35 Wednesday.
-By Fiona Law, Dow Jones Newswires; 852-2802-7002;
fiona.law@dowjones.com
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