Hony Capital Fully Exits Chinasoft International in an US$170 Million Share Sale (Asia)

Source: Chinasoft International

China-focused private equity fund manager Hony Capital has fully exited its investment in Chinasoft International, a China-based software and information services provider listed on the main board of the Hong Kong Stock Exchange. Hony sold 335 million shares at HKD3.93 (approximately US$0.51) apiece to a group of buyers including insurance funds, mutual funds and global asset management groups, for total proceeds of HKD1.3 billion (approximately US$170 million).