PAG to acquire Changzhou Hengxuan from Seazen Group for $187m.

PAG, an alternative investment firm, agreed to acquire Changzhou Hengxuan, a Chinese property developer, from Seazen Group, a real estate development company, for $187m. "The property developer may use proceeds from the deal primarily for loan and debt repayment. Changzhou Hengxuan and Shanghai Xingyi altogether manage 144 cinemas in China," Seazen Group.