HONG KONG: A consortium led by buyout firm Hopu Investment Management is in advanced talks to buy a minority stake in Chinese air conditioner maker Gree Electric Appliances Inc from its government-owned parent, according to people familiar with the matter.
Temasek Holdings Pte is part of the group pursuing the stake, said the people, who asked not to be named discussing confidential deliberations. The negotiations are ongoing and might not lead to a deal, they said.
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