Sumitomo Mitsui Buys 24% Stake in Chinese Asset Manager

April 25, 2012

On April 25, 2012, Chinadaily.com reported that Japan-based Sumitomo Mitsui Banking Corp announced that it will acquire a minority stake in China Post & Capital Fund Management Co. for approximately $123 million.


On April 25, 2012, Chinadaily.com reported that Japan-based Sumitomo Mitsui Banking Corp announced that it will acquire a 24% minority stake in China Post & Capital Fund Management Co. from Beijing Chang’an Investment Group Co.  China Post is a Chinese asset management firm.  The purchase price of the acquisition was approximately $123 million. 

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Investment Manager Strategic Investments, Transactions