HONG KONG Oct 8 Goldman Sachs Principal
Investment Area, the private equity unit of the U.S. securities
firm, plans to exit its investment in Chinese firm Geely
Automobile Holdings Ltd., selling its entire stake in
an offering worth up to $315 million, IFR reported on Tuesday,
citing a term sheet of the deal.
The Goldman Sachs unit is offering 578 million shares
in a range of HK$4.10 to HK$4.23 each, equivalent to a discount
of up to 7 percent to Tuesday's closing price of HK$4.41, added
IFR, a Thomson Reuters publication.