Carlyle-, Partners-backed China Forestry under investigation
The CEO of the Carlyle- and Partners Group-backed company China Forestry Li Han Chun has had $51 million worth of assets frozen after the Hong Kong Securities and Futures Commission uncovered potential auditing irregularities leading to the suspension of China Forestry share trades.
Carlyle currently holds approximately 11% of the Beijing-based forestry plantation operator, which it first invested in three years ago through its Carlyle Asia Growth Partners III, according to the PE...
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