Blackstone, Olympus eye Guangdong Yinda Guarantee
Chinese credit guarantee firm Guangdong Yinda Guarantee Investment Group Co. has attracted the attention of private equity investors including the Blackstone Group and Olympus Capital looking to link with the company ahead of an anticipated IPO, local media reports.
Guangdong Yinda was founded in 2000 by CEO Sicong Li to focus on China's SMEs. In October 2009, Li announced the company's plans to launch an IPO by 2014, coming after the firm had received RMB160 million...
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