Chinese private equity firm ChinaEquity Group has agreed to acquire control of Shenzhen Hifuture Electric Co., Ltd., listed in the same city, for RMB1.65 billion (US$252 million), according to a disclosure filing (in Chinese). ChinaEquity Group is to acquire 87 million shares, or a 11.1% stake, from the company's two key individual shareholders, at RMB19 […]
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