Hillhouse-backed KWG Living plans to buy 80% stake in Cedar Technology for $203m

Hillhouse-backed KWG Living plans to buy 80% stake in Cedar Technology for $203m

KWG Group

KWG Living Group Holding Limited, a Hong Kong-listed Chinese property management company, is set to acquire an 80% stake in Cedar Technology Group Co., Ltd for 1.316 billion yuan ($203 million), per a filing with the Hong Kong stock exchange.