HK Nanyang Bank backs Chinese investors' 80% acquisition of Southampton

HK Nanyang Bank backs Chinese investors' 80% acquisition of Southampton

Photograph: REUTERS/Nigel Roddis

A Chinese investor group led by Lander Sports Development Co. Chairman Gao Jisheng settled the bulk of the acquisition cost with a loan from Hong Kong’s Nanyang Commercial Bank Ltd., according to the people. The consortium purchased an 80 percent stake in Southampton in a deal completed this week, one of the people said, asking not to be identified because the information is private.

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