Morgan Stanley PE Asia exits China Shanshui
Morgan Stanley Private Equity Asia has fully exited its investment in Hong Kong-listed China Shanshui Cement with the sale of block priced at $222 million. Morgan Stanley was the sole book runner.
MSPE Asia owned 246.7 million shares of China Shanshui Cement, representing 8.8% of the total shares. Since reporting 2010 results on March 25, China Shanshui was on a high, with a 7% hike in share price...
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