U.S. private equity fund Carlyle Group
Carlyle, which first invested in the company in 2005, sold 215 million shares in China Pacific at HK$31.15 each, the
source added. Carlyle declined comment, while China Pacific could not be reached for an immediate comment.
Carlyle held about 57 percent stake in China Pacific's H-shares traded in Hong Kong before the sell down, according to Thomson Reuters data.
(Reporting by Vikram Subhedar, Denny Thomas and Donny Kwok; Editing by Muralikumar Anantharaman)