Taiwan-based China Development Financial Holding (CDFH) is said to be planning a private equity fund that will invest in unlisted companies in local creative industries. This is line with a strategy to strengthen its asset management business while reducing its reliance on balance sheet investments.
The new fund, for which registration is currently being sought in Taiwan, has paid-in capital of NT$1.5 billion ($50.2 million). The conglomerate's subsidiary, China Development Industrial Bank (CDIB)...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs), has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.