HONG KONG: US buyout fund Carlyle Group and some of China's top private equity funds are targeting the biggest ever delisting of a New York-listed Chinese company, attempting to privatise a firm directly targeted by shortseller Muddy Waters.
The offer is the latest, and biggest by some distance, in a string of attempted management-led buyouts by US-listed Chinese companies, whose reputation among US investors has suffered after a series of alleged accounting scandals.
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