Citic Capital Debuts $113 Million China Venture Fund

Citic Capital Debuts $113 Million China Venture Fund

The Wall Street Journal Citic Capital Holdings has closed a $113 million maiden fund to invest in small to medium-sized businesses across China, coming in short of a $150 million target. The smaller sized vehicle reflects general partners’ struggle in attracting fresh...
Bemis Company Acquires China-Based Specialty Film Company

Bemis Company Acquires China-Based Specialty Film Company

Wall Street Journal Bemis Company, Inc. oday announced that it has acquired all of the common stock of Foshan New Changsheng Plastics Films Co., LTD (NCS), a specialty film manufacturer located in Foshan, China. Details of the transaction were not disclosed. This...
Amcor acquires Chinese flex packaging business

Amcor acquires Chinese flex packaging business

TheAustralian.com PACKAGING company Amcor says it will acquire Jiangsu Shenda Group’s flexible packaging operations for 350 million Ren Min Bi (RMB) ($A62.20 million). Amcor on Monday said it’s expected that the returns, measured as EBIT to funds employed,...
CITIC Capital’s Fourth Real Estate Fund Raises US$683M

CITIC Capital’s Fourth Real Estate Fund Raises US$683M

Hexun.com CITIC Capital Holdings Limited declared on June 17 that it had successfully closed the fundraising for its fourth real estate fund—CITIC Capital China Retail Property Fund, with a total fundraising amount up to US$683M, which exceeded the original...
Japanese Bath Fixture Maker Lixil Buys American Standard

Japanese Bath Fixture Maker Lixil Buys American Standard

The Wall Street Journal Though Japan’s economic might has faded, the country continues to enhance its status as a powerhouse in one realm: toilets. Japan’s Lixil Corp. said on Friday it agreed to pay about $342 million for American Standard Brands, a...
V1.cn acquired 168cai.com for RMB150M (around $24.5M)

V1.cn acquired 168cai.com for RMB150M (around $24.5M)

China Business Journal 01 July 2013 June 25th, HK listed company V1.cn announced to acquire 100% of 168cai.com, which has the right to sell lottery tickets online in China and the exclusive right to sell sports lottery by telephone in Hebei province. According to...