Private Equity
The deal is said to be worth up to $300 million.
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IPOs & Markets
The IPO is set to be launched on Feb 9.
The share sale marks the second-largest in the city so far this year.
Venture Capital
LimX Dynamics secured the new financing from investment firms, industry leaders, and existing shareholders.
Deals
China Evergrande currently holds 51.02% of the unit.
Cornerstone investors include Oaktree, Pinpoint, and Aspex Master Fund.
The company expects international sales could grow to 30% or more of total revenue in 2-3 years.
The public holiday period this year begins on Feb 15 and is nine days long, longer than in most previous years.
Policy & Regulations
The review process for applications is nearing completion, said CEO Eddie Yue.
This acquisition marks a significant expansion of Indorama’s presence in China.
