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Feb 19, 2008 7:08 AM
Ron Burkle’s investment vehicle The Yucaipa Companies has increased its stake in Chinese media firm Xinhua Financial Media Limited (NSDQ: XFML). The company will issue $30 million in preferred shares that convert at a price of $6.00 per American Depository Shares (ADS). XFML ADSs currently trade at $4.58. The preferred…
Posted In: Money, M&A & Venture Capital, Venture Capital, Countries, Asia, China, xinhua finance media, yucaipa
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