Northstar in talks with Chinese SOE to sell auto parts business of SG-based Innovalues

Northstar in talks with Chinese SOE to sell auto parts business of SG-based Innovalues

Innovalues' largest manufacturing facility is in Thailand's historic city Ayutthaya, located North of Bangkok

Southeast Asian private equity major The Northstar Group is understood to be in discussions to sell its stake in Singapore-based precision parts manufacturer Innovalues to China Finecast International Corporation China (CFIC), a Beijing-based state-owned enterprise, according to people familiar with the matter.

Edited by: Padma Priya

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