PE-backed Giant completes $2b backdoor listing in Shenzhen
Chinese online game developer Giant Interactive Group, which was taken private by a consortium of PE investors in conjunction with the company’s CEO, has completed a backdoor listing in Shenzhen that values the business at RMB13.1 billion ($2 billion).
According to a filing, Shenzhen-listed Chongqing New Century sold its original cruise ship and travel agency business to its controlling shareholders. Subsequent to that, it has issued RMB13.1 billion...
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