TPG to invest $25 million in Hong Kong Energy through PIPE deal
US buyout major TPG Capital has announced an agreement with Hong Kong Energy (HKE), a listed alternative energy developer and operator in Greater China, to purchase HK$195 million ($25.1 million) of convertible preference shares in the company.
TPG will also be able to subscribe for an equal value of convertible preference shares at any time in a four-year period after completion of the initial investment. Should TPG exercise this right in full,...
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