APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

Tongda Group Holdings / Equity Capital Markets

Landmark Worldwide Holdings Limited is looking to sell 386.9m shares of <a href="https://www.smartkarma.com/entities/18625" target="_blank" data-smartkarma-citation="entities:18625:1">Tongda Group Holdings Ltd (698 HK)</a>  which is worth approximately US$139m. The stake represents 6.4% of the total outstanding shares.Landmark Worldwide is controlled by Mr. Wang Ya Nan (Chairman/CEO), Mr. Wang Ya Hua (Vice Chairman), Mr. Wong Ah Yeung (Executive Director) and Mr. Wong Ah Yu, each controlling 25%.The placement scores well on our framework owing to its strong track record, earnings and price momentum. In its…

Landmark Worldwide Holdings Limited is looking to sell 386.9m shares of Tongda Group Holdings Ltd (698 HK)  which is worth approximately US$139m. The stake represents 6.4% of the total outstanding shares.Landmark Worldwide is controlled by Mr. Wang Ya Nan (Chairman/CEO), Mr. Wang Ya Hua (Vice Chairman), Mr. Wong Ah Yeung (Executive Director) and Mr. Wong Ah Yu, each controlling 25%.The placement scores well on our framework owing to its strong track record, earnings and price momentum. In its…

Tongda Group Placement - Strong Earnings Momentum Likely to Offset Management Selldown