K.K.R. Leads Group to Back China Leasing Firm

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An investor consortium led by Kohlberg Kravis Roberts announced Wednesday that it poured a combined $160 million into a Chinese financial leasing firm to help it expand business, Reuters reported.Besides K.K.R., other investors in the consortium include the Government of Singapore Investment, the city-state’s sovereign wealth fund, and China International Capital Corp, an investment banking joint venture one-third owned by Morgan Stanley, according to a joint statement.After the deal, state-own
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