December 12, 2012 / 11:11 AM / 5 years ago

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

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.

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

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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