CDH to make distributions of $1b for the year
CDH Investments has distributed $500 million to LPs in the last seven months and is on course to return a similar amount by September. The China GP has made full exits from real estate developer Sunac and auto parts firm Nanjing Aotecar during the period, as well as selling parts of its holdings companies including China Modern Dairy, Belle International and Qihoo 360.
"Last September at our annual LP meeting we said we would return $1 billion in cash and we are now about halfway," Shangzhi Wu, CDH's chairman and managing partner, told AVCJ. "We continue to liquidate...
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