IDG, Carlyle To Invest $1B In China’s SouFun Holdings

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IDG Capital and the Carlyle Group have agreed to invest as much as US$1 billion in Chinese real estate online portal SouFun Holdings Limited, according to a company announcement.

The pair, together with SouFun’s founder and CEO Vincent Mo, are to purchase SouFun’s newly issued shares at US$7.45 per American Depository Share (ADS), a 3% premium to the volume-weighted average trading price for the 20 trading days before the announcement.

China Money Network

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