Hony invests $100m in Chinese glass maker
Hony Capital has agreed to pay $100 million for a 60% stake in China Yaohua Glass Group, as part of its ongoing role in consolidating the glass-making industry.
Four years ago, the private equity firm was selected by the government of Qinhuangdao in Shandong province as the sole strategic investor involved in the privatization of the local glass companies, The...
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