Investment Updates News
- Morgan Stanley, Goldman invest in Taizinai
Date: 10-Jan-2007 Sources: (Shenzhen Daily)
THREE global investors including Wall Street banks Morgan Stanley and Goldman Sachs have agreed to invest a total of US$73 million in a domestic milk-based drinks manufacturer, an official newspaper reported yesterday.
Taizinai Group, based in Hunan, raised a total of US$73 million by selling convertible bonds to Morgan Stanley (US$18 million), Goldman Sachs (US$15 million) and Actis, a global direct investment company backed by the British Government (US$40 million), the China Securities Journal reported, citing Taizinai chairman Li Tuchun.
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