China-focused PE FountainVest picks up minority stake in HK-listed Maoyan

FILE PHOTO: The website of Chinese movie ticketing app Maoyan is seen next to the app on a mobile phone in this illustration picture taken September 4, 2018. REUTERS/Florence Lo

China-focused private equity fund FountainVest Partners on Wednesday announced that it has acquired a significant minority stake in Hong Kong-listed integrated entertainment service platform Maoyan Entertainment.

A representative of FountainVest was appointed by the Maoyan board as a non-executive director, effective January 15, 2020. Maoyan CEO Zheng Zhihao co-invested in the transaction in his personal capacity, according to a statement.

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