Announced
Completed
BlackRock and Carlyle-backed GLAS completed the acquisition of a 29% stake in SMCP from Shandong Ruyi.
Synopsis
BlackRock and Carlyle-backed GLAS, a company formed by SMCP's bondholders, completed the acquisition of a 29% stake in SMCP, a fashion company, from Shandong Ruyi, a textiles and clothing company. Financial terms were not disclosed. "SMCP reminds that this situation does not affect its own financing and operations," SMCP.
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