Carlyle selling up to $67 million stake in Kaisa Group: term sheet

HONG KONG Wed Dec 12, 2012 6:10am EST

A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst

A general view of the lobby outside of the Carlyle Group offices in Washington, May 3, 2012.

Credit: Reuters/Jonathan Ernst

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HONG KONG (Reuters) - Carlyle Group (CG.O) is selling up to $67 million of its stake in Hong Kong-listed Kaisa Group Holdings Ltd (1638.HK), 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 (UBSN.VX) is the sole bookrunner for the offering.

(Reporting by Indulal PM; Writing by Stephen Aldred; Editing by Dan Lalor)

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