US group buys stake in mobile phone maker

US Private equity fund company steps up to make investment in China

1 minute read July 23, 2008 at 12:58 AM

clpstaff and clp articles

Warburg Pincus has made an Rmb530 million investment in Beijing Tianyu, a mobile phone manufacturer in the PRC. The two companies have already signed a memorandum of understanding to forge a partnership in Beijing.

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