KKR trims Far East Horizon stake

US private equity firm becomes the second shareholder in less than a month to sell a stake in the Chinese financial leasing group.

KKR trims Far East Horizon stake

Private equity firm KKR sold a 5.9% stake in Hong Kong-listed Far East Horizon FEH on Monday, becoming the second existing shareholder to conduct a stake sale of the group in less than a month.

KKR's HK$1.54 billion $198.6 million divestment follows a much smaller HK$507 million $65 million divestiture in mid-April when Singapore sovereign wealth fund GIC sold a stake in the Chinese leasing company.

Both offerings appear...

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