EQT China fund takes 30% of aluminium die casting manufacturer
EQT Greater China II, operated by European private equity firm EQT Greater China, has acquired a 30% stake in Modern Metal & Precision Holdings Ltd., a leading aluminum die casting manufacturer in China, for an undisclosed amount through a new share issue, according to its press release.
Modern Metal was established in 1969 by co-founders Duen Fung and CT Fung. After the new share issue, both will jointly own 70% of the company. The company had sales of approximately $75 million for the...
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