Paul Weiss Reps Morgan Stanley In $100M China XD Deal

Law360, New York (August 15, 2011, 1:47 PM EDT) -- A Morgan Stanley private equity affiliate said Monday it would pay $100 million for an equity stake in Chinese automotive plastics manufacturer China XD Plastics Co. Ltd.

Morgan Stanley Private Equity Asia will become a minority owner in the Harbin, China-based company, which develops, manufacturers and sells plastics modified mostly for automotive applications.

"This equity infusion will enable us to accelerate our domestic capacity expansion and production line upgrade plans, invest more in developing new products, and increase our research and development efforts," China XD Plastics...
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