Hony Capital in $155 Million Investment in Rongzhong

Cleary Gottlieb is advising Hony Capital in its $155 million investment in Rongzhong Group and Rongzhong Capital. Rongzhong Group provides pawn shop services, fund management, investment banking and loan guarantee services in China. Rongzhong Capital provides financial leasing and other related financial services in China. The deal was signed on August 24. The majority owner (which is a HKSE listed company) of the target group announced the deal publicly on August 30.