L Capital takes stake in Ming Fung Jewellery
LVMH group’s private equity investment arm L Capital has expanded its Asia portfolio to include jeweler Ming Fung Jewellery Group, purchasing an 8.61% stake in the company for an undisclosed sum.
The transaction makes L Capital Asia - L Capital's fourth fund - a top shareholder in Ming Fung. Equity Base Holdings, the company owned by Ming Fung' Chairman Wong Chi Ming Jeffry, and Atlantis Investment...
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