Reuters - CNS Eyes Loan Ahead of Singapore IPO
Private equity-backed Taiwan cable television operator China Network Systems Co is raising a loan of NT$40 billion ($1.34 billion) to restructure its debt ahead of a proposed Singapore IPO, writes Reuters. MBK Partners, which owns a majority stake in CNS, has hired banks for a business trust IPO worth about $1 billion after Taiwan's regulators blocked its sale of the company, Reuters reported last week.
23 July 2013•2 mins read
