CITIC Private Equity has teamed up with Beijing Enterprises Water Group Limited to acquire a majority stake of Hong Kong-listed cigarette package maker, Jin Cai Holdings Company Limited, for approximately HK$3.75 billion (US$484 million) in total, according to a securities filing. Jin Cai Holdings plans to issue about 1.41 billion new ordinary shares, which represents […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.