Spring Capital's Vanzo merges with Shanghai-listed Kaile
Spring Capital has merged mobile handset manufacturer Vanzo Communication Technology with Shanghai-listed Hubei Kaile Science and Technology. This represents a liquidity event for the China-focused investor.
It was announced last September that Hubei Kaile would acquire a 100% interest in Shanghai-based Vanzo for RMB860 million ($140 million) in cash and shares. According to a filing, existing shareholders...
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