Singapore-headquartered pan-Asian private equity firm L Capital Asia is investing US$20 million as a cornerstone investor during Chinese outdoor advertising firm Asiaray Media Group Limited's Hong Kong IPO that is targeting to raise as much as HK$772.2 million (US$99.5 million), according to a regulatory filing. In return, L Capital will hold a stake of between […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Visit the original source and full text: China Money Network
Any news and links syndicated from other sources are copyright those respective websites and/or publications. We post brief synopsis and links per what the respective websites' RSS feeds provide.