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City e-Solutions Ltd's CES Capital Announces Investment In Private Equity Fund

Monday, 3 Jun 2013 07:25pm EDT 

City e-Solutions Ltd announces that on June 03, 2013 (after trading hours in Hong Kong), CES Capital, a wholly-owned subsidiary of the Company, has committed to make the Investment of USD25 million (approximately HKD195 million) in the Fund, namely BEA Blue Sky Real Estate Fund L.P., by way of a subscription for a limited partnership interest in the Fund. The Investment would be made by CES Capital in accordance with the Investment Agreements comprising principally the Subscription Agreement and the Limited Partnership Agreement. BEA Blue Sky Company Limited (which is the General Partner of the Fund) and CES Capital are parties to the Investment Agreements. The Fund is a closed-ended private equity fund structured as an exempted limited partnership established under the laws of the Cayman Islands. Under the Subscription Agreement, CES Capital has agreed to become a limited partner in the Fund and subscribe for a limited partnership interest in the Fund with an aggregate capital commitment of USD25 million (approximately HK$195 million). The aggregate capital commitment of CES Capital represents approximately 50% of the target capitalization of the Fund of USD50 million (approximately HKD390 million), to be raised from the General Partner and Limited Partners from time to time, including those contributed under CES Capital’s capital commitment of USD25 million. 

Company Quote

-0.03 -2.27%
17 Apr 2015