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Article: U.S. Firm Becomes Largest Investor in China's Symphony Holdings.
- Article from:
- Business Wire
- Article date:
- August 19, 2009
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Shah Capital Fund Takes 14% Stake in Footwear and Apparel Powerhouse
RALEIGH, N.C. -- Shah Capital Fund became the largest institutional investor in Hong Kong-based Symphony Holdings this week.
Symphony Holdings is a marketer and licensor of sports and recreation footwear and apparel, with stakes in worldwide consumer brands like Pony, Haggar, Speedo, Mango, Helly Hansen, Berghaus, JFT Holdings (Toyota Tsusho) and controls about two-percent of the worldwide athletic shoe market.
"The current market conditions have created significant investment buying opportunities in China," said Himanshu Shah, president and chief investment officer of Shah ...