KKR completes exit from China's Rundong Auto with $51m sale
KKR has fully exited its remaining 11.8% stake in car dealership China Rundong Auto Group for HK$395 million ($50.7 million), ending a seven-year association that included an IPO in Hong Kong in 2014.
The private equity firm offloaded 112 million shares via a public market sell-down at an average price of HK$3.53 apiece, according to a filing. This follows the sale of 168 million convertible preference...
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