China's Hopu teams up to take SG's Perennial Real Estate private

China's Hopu teams up to take SG's Perennial Real Estate private

Beijing, China. Source: Li Yang/Unsplash

Chinese buyout firm Hopu is partnering with key shareholders of Perennial Real Estate Holdings, including Wilmar International and its CEO, to take Perennial private in a deal that values it at S$1.58 billion ($1.13 billion).