PE investors to exit China's Happigo Home Shopping
Hony Capital, CITIC Private Equity and Sequoia Capital are set to exit Happigo Home Shopping, a Shenzhen-listed online and TV shopping subsidiary of Hunan TV.
According to a filing, Hony will sell 74.38 million shares, or a 18.55% stake in Happigo, while CITIC PE will offload 36 million shares. Sequoia intends to sell 18.1 million shares, or a 4.51% stake. Happigo's...
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