Hong Kong Broadband's PE backers make partial exit
CVC Capital Partners and its co-investors, AlpInvest Partners and GIC Private, have sold a 7.6% stake in Hong Kong Broadband (HKBN), the internet services provider they acquired in 2012 and took public in March.
The investors sold 76.3 million shares following the expiry of a six-month post-IPO lock-up period, HKBN said in a regulatory filing. Based on current market prices, the stake is worth approximately HK$679...
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