Refile: DCM to offload US$479 million stake in China's Kuaishou

Kuaishou Technology

19/09/2024 10:22

(Fixes typo currency symbol in paragraph 2, removes extraneous
word from headline)
    By Summer Zhen
       HONG KONG, Sept 19 (Reuters) - Venture Capital DCM is
seeking to sell 91.66 million shares in Chinese online video
company Kuaisohu Technology  1024.HK , a term sheet seen by
Reuters showed on Thursday.
    The offer price ranges from HK$40.28 to HK$41.14 per share
and the sale is expected to bring up to $479 million.
    Morgan Stanley is the sole bookrunner. 

 (Reporting by Summer Zhen
Editing by Tomasz Janowski)
 ((summer.zhen@thomsonreuters.com; 852-3462-7739;))