By Jonathan Browning
The sale has also drawn interest from private equity firms and a health-care arm of Fosun International Ltd.
The latest financing brings the technology company’s total funding to over $50 million.
The Securities Commission is seeking a range of penalties, including monetary fines, and will announce more results of its investigation in the next six months.
Qu Toutiao has no connection to the more popular Jinri Toutiao run by Beijing ByteDance Technology Co.
The fund will mainly invest in the consumer industry and focus on market opportunities in the consumption upgrade and new retail field.
After only eight months as chairman, Sun Hongbin, also chairman of Leshi’s second largest shareholder Sunac China Holdings Ltd, has decided to leave.
The ad hoc group of creditors that signed a binding restructuring support agreement represents 46 percent of the senior debt.
About 100 million adults in Pakistan don’t have access to financial services.
The sale is the latest attempt by HNA to restructure its far-flung operations and raise cash by selling equity and prime real estate assets.
CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.