URGENT-DCM to offload US$479 million stake in China's Kuaishou

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URGENT-DCM to offload US$479 million stake in China's Kuaishou

Reuters09-19

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 , 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;))

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