HONG KONG, April 22 — Chinese buyout firm Hopu and Singapore wealth fund Temasek have bought US$247 million (RM790.4 million) worth of shares in China Yurun Food from the pork producer and distributor’s controlling shareholder, a source said, in a move aimed at tapping the country’s booming consumer market.Willie Holdings, the controlling shareholder of Yurun, one of China’s largest pork distributors, is selling 166 million of its shares at a 9 per cent discount to Yurun’s closing price yesterday, netting HK$3.96 billion (RM1.63 billion). Full Story
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China Yurun Food raises USD510 million in share placement - The Asset
Stake in Yurun sold - The Standard
