JPMorgan’s equities desk is seeking buyers about a 3 per cent stake in ASX-listed Telix Pharmaceuticals on Thursday evening.
The broker launched the block trade after market, seeking bids from $7.25 to $7.40 a share.The trade was worth $73 million at the floor price.
The seller was disclosed as Grand Decade Developments Limited, which had about a 7.6 per cent stake prior to Thursday’s block trade.Grand Decade Developments is part of China Grand Pharmaceutical and Healthcare Holdings Ltd. The stake represented half of Grand Decade’s shares in the ASX-listed Telix. The rest would be put into a voluntary lockup, according to terms sent to potential buyers.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX rises 1.1pc as US inflation fallsAustralian shares traded to a high of 7071 following a rally on Wall Street after inflation surprised on the downside.
Read more »
The ASX coal miner stuck between Russia and ChinaOPINION: Coal miner Coronado is in the midst of a record year. But a ban on Russian coal exports could be about to give it another unusual opportunity.
Read more »
New kid on the block Care A2 Plus mulls ASX listingThe infant formula start-up was thrust into the limelight after gaining a tick from the US regulator in early July to supply millions of tins to a stretched market.
Read more »
ASX to slip, Nasdaq retreats on Micron, NvidiaAustralian shares are set to open lower, with outlook warnings from US chipmakers denting sentiment on Wall St. US CPI awaited. CBA results pending.
Read more »
ASX falls 0.5pc as investors pause tech rallyDecline for tech sector outpaces all others, taking the shine off a powerful ascent over the past two months.
Read more »
ASX to slip, Nasdaq retreats on Micron, NvidiaAustralian shares are set to open lower, with outlook warnings from US chipmakers denting sentiment on Wall St. US CPI awaited. CBA results pending.
Read more »