China's Cowin Capital to exit jewelry retailer Myray
Shenzhen Cowin Capital is poised to exit jewelry retailer Myray to Gansu Gangtai Holdings following the Shanghai-listed company's agreement to buy a further 36.96% of Myray for RMB170 million ($26 million).
Gansu Gangtai already has a 9% interest in Myray. Once completed, the publicly-traded firm will become the largest shareholder. According to a filing, Cowin previously purchased a 4.35% stake in Myray...
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