Jinzhou, Liaoning province-based Chinese special chemicals firm Tianhe Chemicals Group Ltd. has raised US$654 million in an Hong Kong IPO priced at HK$1.80 apiece, at the lower-middle range of its original US$600 million to US$800 million target. In March 2012, Morgan Stanley Private Equity Asia (MSPEA) invested US$300 million in Tianhe for an undisclosed significant […]

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