Chinese private equity firm Hony Capital, a unit of Legend Holdings had completed a restructuring of ChinaYaohua Glass Group Corp after paying $100 million for control of the struggling glass maker and bringing in IFC as an investor.
The revamped Yaohua Glass, 60 percent controlled by Hony and 10 percent owned by IFC, The local government of Qinhuangdao, where Yaohua Glass is based, owns the remaining 30 percent stake.
Hony's successful investments include its restructuring of state-owned machinery maker Changsha Zoomlion Heavy Industry Science & Technology Development Co and CSPC Pharmaceutical Group Ltd.
没有评论:
发表评论