April 27, 2015

KKR finalises its investment in Sunner

Private equity giant KKR's US$400 million investment into Fujian-based Sunner Development Co,. Ltd has been finalised last Friday, signifying a solid step for the latter towards "international branding and management".

On April 20, China Securities Regulatory Commission approved Sunner Development to offer not more than 200 million non-public new shares. It is understood that KKR's US$400 million investment has been used to procure these new shares which will account for 18% stake in Sunner Development.

The partnership is a reflection of KKR's commitment to help address the growing demand in China for a safer and more secure food supply.