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Lunar Capital Agrees to Buy a 10.4 Percent Stake in Honworld Group (Asia)

China-focused private equity firm Lunar Capital has agreed to buy a 10.4 percent stake in Honworld Group, a cooking wine manufacturer listed on the Hong Kong Stock Exchange. Lunar Capital will subscribe to 60 million shares in the company at HKD6.00 (approximately US$0.77) per share, totaling gross proceeds for the company of HKD360 million (approximately US$46.3 million). The transaction, which will be structured through Lunar Capital Partners IV, is subject to closing conditions.