CDIB Backs Online Furniture Retailer Meilele Through US$19 Million Bond Issue (Asia)

Source: Greater China Private Equity Review  |  Author: Maggie Lee

CDIB Capital, the overseas private investment arm of Taiwan’s China Development Financial merchant bank, has invested US$19 million in Chinese furniture retailer Meilele by subscribing to a convertible bond issue. Meilele operates a consumer-to-consumer online retail service as well as 50 stores within China. Separately, CDIB Capital has invested an undisclosed amount in United Arab Emirates-based hotel operator Flemingo International.