CICC commits $286m to China’s Concord Medical
CICC Capital, the private equity arm of China International Capital Corp, has agreed to invest up to RMB1.8 billion ($286 million) in an onshore subsidiary of Concord Medical, a US-listed healthcare business that abandoned a management-led privatization bid last year.
CICC will pay between RMB1.5 billion and RMB1.8 billion for an equity interest of 37.5-41.9% in Beijing Meizhong Jiahe Management, according to a statement. The private equity firm invested in Concord...
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