HONG KONG, Aug 12 (Reuters) - Chinese superstores and mini-marts operator Wumart Stores Inc said on Wednesday that it would issue HK$1.1 billion (US$142 million) in H-shares to private equity investors TPG Asia and Hony Capital.
The deal signified the recent growing interest of global funds in China's retail sector.
Last month, Bain Capital bought a minority stake in domestic electrical appliances retailer GOME.
For statement please click http://gem.ednews.hk/listedco/listconews/gem/20090812/GLN20090812032.PDF (US$1=HK$7.75)
(Reporting by Donny Kwok; Editing by Chris Lewis)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: WUMART/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The deal signified the recent growing interest of global funds in China's retail sector.
Last month, Bain Capital bought a minority stake in domestic electrical appliances retailer GOME.
For statement please click http://gem.ednews.hk/listedco/listconews/gem/20090812/GLN20090812032.PDF (US$1=HK$7.75)
(Reporting by Donny Kwok; Editing by Chris Lewis)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: WUMART/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.