CVC partially exits Hung Hing
CVC via investment holding company Asia Packaging Company, has reportedly sold a 29.9% stake in Hong Kong-listed Hung Hing Printing Group to Rengo Co., Ltd, a paper and packaging materials manufacturer listed on the Tokyo Stock Exchange, for HK$1.43 billion. Asia Packaging Company continues to hold a 7.6% stake in Hung Hing.
The completion of the share sale is subject to certain regulatory conditions.
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