CITIGUOUP AND HONGTA CO-INVEST IN A SHANGHAI MBO FUND
AsiaInfo Services, November, 2002
AsiaInfo Services 11-06-2002 Citiguoup and Hongta Co-invest in a Shanghai MBO Fund SHANGHAI, Nov 06, 2002 (SinoCast via COMTEX) -- It is said that Citigroup and China Hongta Group is speeding up their preparation of set up am MBO fund in Shanghai. Both sides expect to start the fund at the end of this year, and provide a new financial tool for professional managers to purchase initial stocks or internal stocks. Shenbing Investment Management Co., Ltd.
locates in the Zhoujiazui Street of Pudong. It is invested by four companies, Citigroup, Phoenix Fund, Hongta Venture Investment, and Shenzhen International Investment. Besides these four companies, the company also has many small investors. The entrance investment is RMB 10 million. It is said that Shenbing is...
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