PE to exit food platform Baicaowei to Chinese strategic
Haitong-Fortis Private Equity, a joint venture between Haitong Securities and BNP Paribas Investment Partners, is set to exit Chinese snack food platform Baicaowei to Shenzhen-listed jujube product maker Haoxiangni.
Haoxiangni plans to acquire the e-commerce platform for RMB960 million ($147 million), a filing said. It will pay RMB144 million in cash and issue RMB816 million worth of shares in exchange for Baicaowei's...
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