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PORTFOLIO

Kasen International

Stage: LBOs and Special Situations

Date of Investment: 2003

Web Site : http://www.kasen.com.cn

Stock Symbol : HKSE: 496

Kasen, located in Haining City, Zhejiang Province, China, produces leather upholstery furniture as well as automotive leather units on an OEM basis for major global furniture companies and automotive seating system suppliers. The company completed an initial public offering on the Hong Kong Stock Exchange in October 2005.

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