Cathay International has announced the successful IPO of Starry (in which Cathay has an indirect 8.1% holding) on the Shanghai exchange. Following a strong first day of trading and at the prevailing exchange rates, Cathay’s indirect holding in Starry is valued at c. £18.5m, equivalent to c. 5.0p per Cathay share.
10 Mar 2016
Successful IPO of Starry: holding valued at 5p per Cathay share
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Successful IPO of Starry: holding valued at 5p per Cathay share
- Published:
10 Mar 2016 -
Author:
Dr Jens Lindqvist -
Pages:
3
Cathay International has announced the successful IPO of Starry (in which Cathay has an indirect 8.1% holding) on the Shanghai exchange. Following a strong first day of trading and at the prevailing exchange rates, Cathay’s indirect holding in Starry is valued at c. £18.5m, equivalent to c. 5.0p per Cathay share.