PAG commits $250m to NASDAQ-listed Funtalk China
PAG Asia Capital has agreed to invest $250 million in Funtalk China Holdings, a NASDAQ-listed company that controls Chinese subsidiaries involved in the distribution and retail of mobile phone handsets, accessories and content.
The private equity firm will subscribe to $150 million in convertible preferred securities and $100 million in convertible bonds. It also has the option to invest an additional $80 million in convertible...
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