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Hony Capital Puts $100M In Yaohua Glass
Hony Capital has committed $100 million to Chinese glass maker Yaohua Glass Group.
Hony Capital已经承诺1亿美元中国玻璃制造商Yaohua Glass Group,The Wall Street Journalreports. The capital investment gives the private equity firm a 60% stake in Yaohua Glass.
The state asset supervision and administration commission of Qinhuangdao city in Shandong Province holds a 30% stake in the company.International Finance Corporation, the private sector investment arm ofWorld Bank, holds the remaining 10%.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.