Temasek Holdings and RRJ Capital have invested an unspecified amount for a significant minority stake in Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
The investors have subscribed to a five-year mandatory exchangeable bond which, upon conversion, will give them an up to 49% interest in Gategroup. Richard Ong, founder and chairman of RRJ, will join the...
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.