date:Mar 07, 2013
Private Equity Asia, an equity commitment of $8.16m by You-Bin Leng and a $50m term loan facility from Wing Lung Bank and Cathay United Bank.
Feihe International stated that the merger is expected to be completed in the second quarter of this year.
Currently, Leng holds a 45.34% stake in Feihe International.
On 3 October 2012, Feihe International received a proposal to go private from Leng and an affiliate of Morgan Stanley Private Equity Asia.
In November, the company appointed Oppenheimer