Carlyle, Yunfeng to exit GDC to Huayi Brothers
The Carlyle Group and Yunfeng Capital are set to exit from GDC Technology as Huayi Brothers Media plans to acquire a controlling stake in the digital cinema equipment manufacturer.
Huayi Brothers, the Chinese movie studio, currently owns 12% of the Hong Kong-headquartered business. Carlyle has 46.33% while Yungfeng holds 17.34%. Huayi plans to increase its holdings to 79% by means...
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