China PE funds invest in Hunan Boyun New Materials
Shenzhen-listed Hunan Boyun New Materials has raised RMB629 million ($100 million) from investors including domestic PE funds Xiangtou High-Tech Venture and Hunan Da Boyun Investment.
The company said in a regulatory filing that it would offer 75 million new shares in a private placement at RMB8.38 apiece. The net proceeds will primarily be used to purchase industry peer - Changsha...
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