CITIC Capital Acquires China’s Hangzhou UCO Cosmetics In Carve-Out Deal

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CITIC Capital Partners, the private equity arm of Hong Kong-based investment management and advisory firm CITIC Capital, announced on Monday that it has acquired Hangzhou UCO Cosmetics from Shenzhen-listed candles and craft products producer Qingdao KingKing Applied Chemistry in a carve-out transaction.

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