NewQuest, GIC set for partial exits from China’s iKang
NewQuest Capital Partners and GIC Private will each make partial exits from iKang Healthcare Group as the Chinese healthcare services provider looks to raise up to $175 million through a NASDAQ IPO.
According to a regulatory filing, iKang will sell approximately 10.9 million new and existing American Depository Shares priced at $12-14 apiece. NewQuest will sell around 783,000 shares, reducing its...
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