KKR trims Far East Horizon stake

US private equity firm becomes the second shareholder in less than a month to sell a stake in the Chinese financial leasing group.

Private equity firm KKR sold a 5.9% stake in Hong Kong-listed Far East Horizon FEH on Monday, becoming the second existing shareholder to conduct a stake sale of the group in less than a month.

KKR's HK$1.54 billion $198.6 million divestment follows a much smaller HK$507 million $65 million divestiture in mid-April when Singapore sovereign wealth fund GIC sold a stake in the Chinese leasing company.

Both offerings appear to have been timed to take advantage of strong share price appreciation over the past year, always a warning signal for potential investors. However, some analysts believe the rally still has plenty of room to...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222