Hony Capital boosts its stake in Lee & Man Handbags for $193m

Hony Capital boosts its stake in Lee & Man Handbags for $193m

Private equity firm Hony Capital has invested another HK$1.5 billion ($193 million) in convertible bonds issued by Hong Kong-listed handbag maker Lee & Man Handbags, while Lee & Man announced to acquire stakes in Chinese fast food restaurant chain.

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