Sequoia exits Chinese luxury goods retailer Sparkle Roll
Sequoia Capital has sold its remaining stake in Sparkle Roll Group, a Hong Kong-listed Chinese retailer which sells branded luxury products such as cars, jewelry and wine, raising HK$120 million ($15 million).
According to a filing, Sequoia sold 240 million shares at HK$0.5 apiece - or an 8.05% stake - on July 7th, the price represented a 17% premium on the previous closing price. AVCJ Research records show...
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