KKR & Co. has sold its remaining stake of Hong Kong-listed China Modern Dairy Holdings for about US$80 million, according to media reports.
It sold around 168 million shares at HK$3.70 per share price, representing a 3.9% discount against Monday’s closing price of HK$3.85.
In May 2013, KKR sold down its stake of China Modern Dairy to another Chinese dairy firm, Hohhot, Inner Mongolia-based China Mengniu Dairy.
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