The Carlyle Group has invested 230 million yuan ($27.5 million; €22.6 million) to acquire new shares in Shanghai Anxin Flooring (Anxin), China’s largest manufacturer and distributor of solid wood flooring.
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Carlyle will inject an initial $20 million, and invest the remaining amount over the next two years, according to the firm.
Carlyle invests in Chinese flooring business
Carlyle’s Asian growth capital group is investing $27.5 million in a Chinese wooden flooring manufacturer and distributor, not long after making two separate investments in China and India.
