AID Partners to sell stake in HMV's Asia operations to Japan's World Innovation Lab

AID Partners to sell stake in HMV's Asia operations to Japan's World Innovation Lab

Hong Kong-based private-equity firm AID Partners is ready to partially exit HMVs Hong Kong and Singapore businesses, which it had acquired in 2013. It has agreed to sell 18.37 per cent stake in the business to Japan-based World Innovation Lab for $9 million.

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