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Japanese PE Firm Invests USD 20 Mln in Hisense Broadband

Sohu IT, 9/22/11

Qingdao-based set-top box (STB) manufacturer Hisense Broadband Multimedia Technology, a subsidiary of Chinese consumer electronics manufacturer Hisense (600060.SH), recently secured JPY 1.5 bln (approximately USD 19.7 mln) through a private placement by Japanese private equity firm Advantage Partners. Established in 2003, Hisense Broadband's products include set-top boxes and HD media players.

Keywords: investment Advantage Partners consumer electronics television Hisense set-top box 600060.SH

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