China Alert – Tianhong is up for sale (indirectly)
- China fund industry, Fund Manager
Tianhong is up for sale (indirectly)
- A minority shareholder in China’s largest fund manager is on the auction block.
- Potential bidders have until the end of February to register their interest.
- Compared with recent transactions in the fund industry, the implied valuation of Tianhong comes in at the upper end.
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