Hony makes first foray into Japan
Hony Capital secured two significant firsts with its purchase of a 20% stake in Tokyo-listed hotel chain operator and real estate business Tokai Kanko for JPY1.4 billion ($17.8 million).
This is the Beijing-based private equity firm’s debut investment overseas and also the first time it has ventured into real estate. The transaction will be executed through Hony Capital Fund 2008, LLP....
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