CRCI sells Grant Achieve Global stake to Olympus Capital
China Renaissance Capital Investment (CRCI) and the chairman of Chinese water treatment firm Grant Achieve Global (GAG) have sold a 40% holding in the company to Olympus Capital Holdings Asia and Anoi, a Hong Kong-incorporated enterprise.
In connection with the transaction, Olympus has acquired a warrant to purchase ordinary shares in GAG worth up to $40 million. GAG was set up in 1999 by Canada's Grant International Group as Beijing...
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