Infinity Group leads $14.3 million investment in Chinese heat-exchange firm
Tel Aviv-headquartered Infinity Group has led a $14.3 million investment into China’s THT Heat Transfer Technology, Inc. The RMB fund pioneer and cross-border specialist will invest $9 million with the remaining capital to be provided by MC Capital, Zhejiang Jinqiao and other various undisclosed investors.
The deal will give NASDAQ-listed THT a pre-money valuation of $51.2 million ($3.20 per share). Headquartered in the Jilin Province, THT is a leading provider of heat exchangers and heat-exchange solutions...
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