Unnamed AIA Group shareholder is said to sell HK$26.8 billion stake
The 394.4 million shares, which represent a 3.7 per cent stake in the Hong Kong-based insurer, were sold at HK$68 apiece according to data compiled by Bloomberg. That was a discount of 6 per cent from AIA's Thursday close in Hong Kong, and the insurer's shares dropped 4.4 per cent on Friday (Jul 4).
The disposal was made by a single seller, according to people familiar with the transaction, who asked not to be named discussing a private matter. AIA did not immediately respond to queries made after hours.
It was Hong Kong's fourth-largest share sale this year, according to data compiled by Bloomberg. The deal comes amid a pick-up in deals in the city, which was the world's second-largest market for equity offerings in the first half. BLOOMBERG
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It has developed frozen meals for export to the United States, United Kingdom and Australia. These include Singaporean favourites such as fishball noodles and laksa. These meals may be sold under its SG Hawker brand in supermarkets or Asian mini-marts. In the future, Fei Siong may even open SG Hawker outlets in these markets, with a retail section for these meals. Said founder Tan: 'Our goal is to bring Singapore food culture to different parts of the world.'
