Shareholders approve $6.8b PE buyout of Belle International
Belle International, China’s largest women’s shoe retailer, is set to de-list from the Hong Kong Stock Exchange after shareholders approved a HK$53.1 billion ($6.8 billion) take-private offer from Hillhouse Capital and CDH Investments.
The company said in a filing that a majority of shareholders voted in favor of the proposal. This followed recommendations from independent proxy advisors Glass Lewis and Institutional Shareholder Services...
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