Shareholders sell China High Speed, Parkson shares

HONG KONG, Jan 9 (Reuters) - Stakeholders of China High Speed Transmission Equipment (0658.HK) and Parkson Retail Group (3368.HK) were selling up to about US$280 million worth of shares on Wednesday.

Shareholders in China High Speed Transmission Equipment (0658.HK) offered up to 87.19 million shares in the country's top wind power transmission gear maker, and shares were priced at the bottom of an indicated range at HK$17.88, a source close to the deal said on Wednesday.

That marked a discount of about 7 percent to Tuesday's closing price of HK$19.22. UBS handled the deal.

The shares were offered at between HK$17.88 and HK$18.64 per share, with a discount range between 3 to 7 percent to Tuesday's closing price, according to a term sheet.

Parkson Retail Group said on Wednesday its controlling shareholder planned to sell up to 8 million shares, or 1.44 percent of the Chinese department store operator, at about HK$78.66 per share. Parkson shares closed at HK$82.80 on Tuesday.

BNP Paribas Capital and J.P. Morgan Securities are the placing agents. For details please see here (US$1=HK$7.8) (Reporting by Donny Kwok, editing by Ken Wills)