Baring Private Equity Asia Increases Stake in Magic Holdings (Asia)

Source: Hong Kong Stock Exchange

Asia-focused private equity firm Baring Private Equity Asia has increased its stake in Chinese cosmetics and skincare products manufacturer Magic Holdings. Baring purchased over 7.3 million shares on the Hong Kong Stock Exchange for HKD22.3 million (approximately US$2.9 million) through Baring Asia Private Equity Fund V, raising its stake from 20.31 percent to 21.03 percent.