CDH invests $90m in HK furniture maker Man Wah Holdings
CDH Investments has acquired a 8.54% stake in Hong Kong's Man Wah Holdings for HK$700 million ($90 million) through a convertible bonds subscription. Another investor, Huaxia, also bought a 1.83% stake in the firm for HK$150 million.
According to a filing, the issuing price was at HK$8.25 ($1.06) per share. CDH has appointed Xie Fang, one of its directors, to the Man Wah's board. Man Wah Holdings engages in the production and sales...
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