Thursday 5 January 2012

Navis Capital may take over Xidelang

Xidelang Holdings Bhd, a Chinese footwear maker, said Navis Capital Partners Ltd may be interested in taking a controlling stake in the Kuala Lumpur-listed company.

Navis indicated its intention during an informal discussion with HongPeng International Holdings Ltd, Xidelang’s biggest shareholder, an exchange filing today said. HongPeng holds 54.6 per cent of the manufacturer’s shares, according to data compiled by Bloomberg. -- Bloomberg



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