Hony invests China Golden for Xian department stores
PRC buyout firm Hony Capital is investing into HKSE-listed China Golden Development Holdings through a convertible bond issue, to support the company's buildout of its department store operations in Xian.
The three target businesses in the transaction, Ginwa Saigao, Ginwa Nandajie and Ginwa Tangrenjie, were all established in 2008-09 and operate department stores and shopping malls in the historic city...
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