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NEW YORK, US: Morgan Stanley’s has invested $300 million to acquire a stake in Tianhe Chemicals Group, a China based specialty chemical company. Morgan Stanley’s private equity arm would take a minority stake in Tianhe Chemicals. As part of the deal, Homer Sun, Chief Investment Officer, Morgan Stanley will join Tianhe’s board. Morgan Stanley Private Equity Asia has invested about $2.4 billion in Asia, primarily in highly structured minority investments and control buyouts.
© Reuters News
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