Hony takes 20% stake in Japan's Tokai Kanko
China-based Hony Capital has taken a 20% stake in hotel chain operator and real estate investor Tokai Kanko for approximately JPY1.4 billion ($17.8 million).
Tokyo Stock Exchange-listed Tokai Kanko will use the funding for future real estate acquisitions in Japan. Hony and Tokai Kanko’s CEO David Chow have additionally formed a special purpose investment...
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