Emerging Market Strategies

William Gamble

Smart Money Beginning to Cash Out of China

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This entry was posted on 6/9/2009 2:11 PM and is filed under uncategorized.

Some of the early entries in China, smart money, apparently are now leaving.

 Warburg Pincus, the US private equity fund, has abandoned its investment in China's Huiyuan Juice, becoming the first major shareholder to pull out of the company following the collapse of Coca-Cola's $2.4bn takeover offer

 TPG after making a 500% return is considering selling its stake in Shenzhen Development Bank Ping An Insurance.

 

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