Bloomberg
MBK Partners Ltd., a private equity firm formed by former Carlyle Group executives, is considering a Singapore initial public offering for Taiwan’s China Network Systems Co., said two people with knowledge of the matter.
Listing Taiwan’s largest cable television operator as a business trust is among options being discussed after a sale to Taiwan’s richest man was blocked this year, said the people, asking not to be identified as the deliberations are private.
MBK’s proposed sale of China Network, or CNS, to Want Want China Holdings Ltd. (151) Chairman Tsai Eng Meng for $2.4 billion including debt failed this year as Taiwanese regulators ruled Want Want hadn’t fulfilled conditions for approval. Sellers from Taiwan, India and Hong Kong have completed business-trust IPOs in Singapore since early 2011 as they lured investors with high yields amid record-low interest rates.