CITIC Capital and China Everbright have committed $100 million in debt and equity funding to Iceland-based geothermal energy developer Arctic Green Energy (AGE), alongside a $50 million loan facility provided by the Asian Development Bank (ADB).
CITIC, an existing investor in AGE, invested $30 million, while newcomer China Everbright paid $70 million for shares and an exchangeable bond issued by the company. AGE will use the fresh capital to support...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs), has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.