CDH Invests US$90 Million in Furniture Maker Man Wah Holdings (Asia)
Source: AVCJ | Author: Winnie Liu
Chinese investment firm CDH Investments has acquired an 8.54 percent stake in Man Wah, a Chinese furniture manufacturer, for HKD700 million (approximately US$90 million) via the purchase of convertible bonds. Man Wah was listed on the Hong Kong Stock Exchange in 2010 following its delisting from the Singapore Stock Exchange. The investment is intended to support Man Wah’s working capital requirements and further develop the business.