CITIC Capital has appointed Robert Lie as managing director of its Hong Kong-based real estate group. He joins from Redevco Asia and will bring colleagues Jan Willem De Hek, Dennis Fung and Chenxia Yu with him.
Lie was managing director at Redevco Asia for four years, having previously served as Asia CEO of ING Real Estate. CITIC Capital has three real estate funds and recently launched a dedicated retail fund....
David Li, managing director and head of China at Warburg Pincus, has resigned to set up his own company. Julian Cheng and Frank Wei have duly been appointed to lead Warburg Pincus’ China business.
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), has invested $30 million in Anhui Dong Jin Renewable Resource Technology, a Chinese renewable resources producer.
China-based Sinovac Biotech, which earlier this week became the target of a take-private bid from its chairman and SAIF Partners, has received a competing offer from a consortium that includes China International Capital Corporation (CICC).
Chinese state-owned conglomerate Beijing Enterprises Holding (BEHL) has agreed to buy EEW Energy from Waste, a German waste management company, from EQT Partners for EUR1.44 billion ($1.6 billion).