|
BIZCHINA> Top Biz News
![]() |
|
Hony Capital disputes rumors of going public
By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-09-14 13:01
"Legend Holdings is looking to get listed in the future. But for Hony Capital, there is no need to do so," John Zhao, president of Hony Capital, said in an exclusive interview with China Daily on the sidelines of the "Summer Davos" forum in China’s northern city of Dalian. Earlier, the Oriental Morning Post reported that Legend would have to wait until all of its subsidiaries are listed before it could do so. "It’s not the necessary process. For Hony Capital, our target is to become a prestigious value-added service provider. Going public is not our goal," Zhao added. Founded in 2003, Hony Capital is among China’s leading domestic private equity firms, with over $2.8 billion in assets under management across five funds.
Zhao shared his views on investing in the financial service industry during “the future of financial service” session at Summer Davos. "In the financial service industry, we target to invest in promising companies in the sectors of guarantee, insurance, securities, as well as futures firms and leasing companies, and most of them closely serve small and medium-sized companies," said Zhao. According to Zhao, Hony Capital is also seeking investment opportunities in domestic industries, especially among the State-owned companies, that are fragmented and likely to be consolidated. "Hony is looking at new investments in the pharmaceutical, media, and retail sectors in China, which are highly fragmented industries," Zhao added. (For more biz stories, please visit Industries)
|
临江市| 巩留县| 枝江市| 青田县| 乌兰察布市| 五原县| 山阳县| 靖江市| 聂荣县| 淮北市| 隆昌县| 泰顺县| 昭平县| 辛集市| 青岛市| 志丹县| 呼和浩特市| 大邑县| 鲜城| 嘉祥县| 舟曲县| 海宁市| 墨脱县| 阳泉市| 宜春市| 新宁县| 榆林市| 怀安县| 安吉县| 长垣县| 武鸣县| 台江县| 乌鲁木齐县| 阳高县| 克山县| 台州市| 武平县| 上高县| 周宁县| 全南县| 长丰县|