CDH, CCB exit Chinese hospital operator to Taiking Insurance
CDH Investments and CCB International have sold their stakes in Harmonicare Medical Holdings, operator of 11 women and children’s hospitals in China, to Taikang Insurance Group for HK$815.2 million ($105.1 million).
CDH sold 78.6 million shares, representing a 10.37% interest in the company, for HK$6.54 apiece, a 9% premium to the November 17 closing price. CCB offloaded 46 million shares, or a 6.07% stake, at the...
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