An investor consortium including affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR), Government of Singapore Investment Corporation (GIC SI) and China International Capital Corporation Limited (CICC) announced an investment of $160 million for a significant minority stake in International Far Eastern Leasing Company Ltd. (Far Eastern), the leading provider of financial leasing in China and a subsidiary of Sinochem Group (Sinochem)."We are pleased to become a partner of Far Eastern Leasing and Sinochem. As a global investor, GIC SI has a long-term investment interest in China," Liu Dong, Head of GIC SI Greater China said.
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