Cordiant purchases 6M participation in Babei Necktie

In June, 2005, Cordiant purchased a $6 million participation in an IFC B-Loan to Babei Necktie, a leading manufacturer of silk neckties in China. The project involves expanding their weaving facilities, building a new dyeing plant, and relocating the main facilities to a new site.

For more information on this project, please consult the Summary of Project Information on the IFC website: Babei