Greenland to take controlling stake in KKR-backed Rundong Auto
China's Greenland Holding Group will buy a controlling stake in KKR-backed Chinese car dealership Rundong Auto for HKD1.55 billion ($200 million).
Greenland currently holds 32 million shares in Rundong or a 3% stake. It will buy 536 million newly issued shares, increasing its stake to 30%. This, combined with the 30% stake held by Rundong Fortune,...
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