Shares in the business rose by up to 66 per cent in its debut trading day on the Hong Kong Stock Exchange, hitting a high of HK$5.30 each.
Carlyle picked up $25m of shares in Fu Shou Yuan according to an earlier IPO prospectus, while hedge fund Farallon bought $10m and Chinese bad-debt giant China Cinda another $10m.
The company launch a $215m IPO on the Hong Kong Stock Exchange, offering 500 million shares for between HK$2.88 and HK$3.33 each.
Reuters previously said that burial services, which include tomb sales that have no price controls, are the fastest growing and biggest segment of the industry, expected to rise 17.9 per cent a year through 2017.
Fu Shou Yuan’s Shanghai cemetery charges up to 500,000 yuan for a six-by-six metre plot, tombstone and associated services, it added.
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