date:Jun 09, 2014
Private equity firms Yunfeng Capital, founded by Alibaba Group Holding Ltd's Jack Ma, and CITIC Private Equity Funds Management (CITIC PE) have agreed to invest at least 2 billion yuan ($320 million) in a unit of Inner Mongolia Yili Industrial Group Co Ltd, the dairy products company said in a statement.
Yunfeng and CITIC PE, a unit of China's CITIC Group Corp , will buy 60 percent of Inner Mongolia Yili Livestock Development Co Ltd, Inner Mongolia Yili Industrial said.
The investment is Yunfe