Shareholders pocket HK$2b in disposals

Shareholders of three companies raised about HK$2 billion in the market yesterday by selling their shares, market sources said.

A shareholder of Citic Resources Holdings sold about 175 million shares at HK$5.72 to HK$5.90 each. UBS was the sole bookrunner.

The shareholder pocketed about HK$1 billion.

A major investor in property agent Midland Holdings sold 64 million shares or 8.76 per cent of the share capital for HK$507 million. The sale price was between HK$7.77 and HK$7.95 per share. CLSA was the bookrunner.

A shareholder of GZI Transport sold 100 million shares at HK$5.03 each, netting HK$503 million from the sale arranged by China International Capital Corp.