Hopu, Temasek among investors in Chinese juicer Asian Citrus

Asian Citrus announced last month that it would purchase BPG, a leading supplier of tropical fruit juice concentrates in the Mainland, which had been backed by Lunar Capital, for more than HKD$2 billion ($257.8 million). According to Asian Citrus, HK$780 million ($100.5 million) of the $200 million injection would go toward repaying the cash consideration of its BPG acquisition, while the remainder would be used for "financing the expansion of the production capacity" of BPG.

Asian Citrus further noted that the $200 million worth of shares would additionally be split between Anta Capital, FIL Investment Management, Fuh Hwa SITE Asset Management, Martin Currie Holdings, VPL Funds and select investment advisory clients of Wellington Management.

Last month, reports surfaced that Hopu Investment Management was set to break up without seeking to raise a second fund, though that was later denied to AVCJ.

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• Topics
• Investments
• Greater China
• Hopu Investment Management
• Temasek Holdings