PAG acquires 51% effective interest in Yip’s Chemical’s solvents business for $340m

PAG acquires 51% effective interest in Yip’s Chemical’s solvents business for $340m

APAC-focused alternative investment firm PAG has signed an agreement to acquire 51% effective interest in Handsome Chemical Group from Yip’s Chemical Holdings Limited for RMB 2,295 million (approximately $340 million).