Carlyle to invest up to $194m in Haier Electronics Group
The Carlyle Group will invest up to $194 million in Haier Electronics Group (HEG), a Chinese white goods manufacturer, potentially taking a 9% stake in the company.
Hawaii Asia, a wholly owned subsidiary of Carlyle Asia Partners III, has agreed to subscribe to $137 million in convertible bonds issued by HEG. Assuming there are no adjustments, the bonds will be convertible...
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