Welkin invests $17m in Chinese camellia oil brand
China-focused PE firm Welkin Capital has acquired a 15% stake in Hunan Guitaitai Camelia Oil Technology, a camellia oil specialty brand listed on the National Equities Exchange and Quotations (NEEQ), for RMB120 million ($17 million).
According to a statement, Guitaitai issued 12 million shares to Welkin at RMB10 apiece. Jiang Pu, a principal at the private equity firm, has joined Guitaitai’s board of directors. Founded in 2008,...
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