Hunan Boyun has offered 75m new shares worth a total RMB629m ($100m) in a private placement, according to the Asian Venture Capital Journal.
Hunan Da Boyun has agreed to buy 52.9m shares worth RMB444m ($71.7m), while Xiangtou High-Tech will acquire 2.08m for its shares in Changshe Wind High to become its largest stakeholder.
Hunan Boyun has raised $28m via five funding rounds backed y Chinese venture capital investors, said the report.
Recent private equity deals in the region include L Capital Asia’s majority investment in food and beverage group Crystal Jade Culinary Concepts Holdings.
Copyright © 2014 AltAssets