Private equity investment for Chinese plastics maker

    August 26, 2011 | BY

    clpstaff &clp articles

    Morgan Stanley Private Equity Asia (MSPEA) will make a US$100 million private equity investment into China XD Plastics Company (China XD), a Harbin-based…

    Morgan Stanley Private Equity Asia (MSPEA) will make a US$100 million private equity investment into China XD Plastics Company (China XD), a Harbin-based manufacturer of plastic automotive components. MSPEA will take on a significant minority ownership stake in China XD. The investment will enable the company to expand and upgrade its production capabilities.

    Advising the private equity investor was a Hong Kong-based Paul Weiss Rifkind Wharton & Garrison team led by Jack Lange. A Han Kun Law Offices, led by Charles Li, Huan Wang, Kaiying Wu and Xu Liu, represented China XD as its PRC counsel, while a Beijing-based DLA Piper team led by Steven Liu acted as its international adviser.

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