CITIC PE, Hony To Exit Happigo Home Shopping

Chinese private equity firms Hony Capital, CITIC Private Equity and Sequoia Capital plan to fully exit their stakes in Shenzhen-listed Happigo Home Shopping at massive profit, according to a disclosure document (in Chinese). Hony Capital plans to offload all of its 74 million shares, or 18.55% interest of the online and TV shopping subsidiary of […]

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Read the original article: China Money Network