Temasek, Greenwoods back Phoenix Healthcare IPO
Temasek Holdings and Shanghai-based Greenwoods Investment have made a pre-IPO investment in Phoenix Healthcare Group, picking up a 10% stake in the company for RMB165 million ($26.8 million).
Beijing-based Phoenix Healthcare plans to sell 201 million shares at HK$5.88-7.38 apiece, raising up to HK$1.48 billion ($190 million) through a Hong Kong offering, according to a prospectus. The company...
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