Shanghai Chengtou commits to Hony's Fund VIII
Shanghai Chengtou Holding, a Shanghai-listed property developer which is also a portfolio company of Hony Capital, has committed RMB400 million ($62 million) to the GP’s latest China fund.
The listed company confirmed the LP commitment in a filing. Hony is the second-largest shareholder of Shanghai Chengtou, having acquired a 10% stake in the listed company for RMB1.8 billion in 2013. ...
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