Carlyle selling up to $67 mln stake in Kaisa Group - term sheet

HONG KONG Wed Dec 12, 2012 6:01am EST

HONG KONG Dec 12 (Reuters) - Carlyle Group is selling up to $67 million of its stake in Hong Kong-listed Kaisa Group Holdings Ltd, according to a term sheet seen by Reuters.

The placing of 216 million shares is being offered at a price of HK$2.35-HK$2.45, a discount of up to 9 percent to the closing price.

UBS is the sole bookrunner for the offering.