Good Resources commits $93m to finance Go Scale’s Lumileds deal
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kinming Cheng, has agreed to contribute $93 million to the PE-led acquisition of Lumileds, the LED components and automotive lighting unit of Dutch electronics giant Philips.
In April, a Chinese consortium led by Go Scale Capital announced it would buy an 80.1% stake in Lumileds in a deal worth $3.3 billion. A filing revealed that Good Resources has invested in a vehicle...
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