Hony Capital has committed $100 million to Chinese glass maker Yaohua Glass Group, The Wall Street Journal reports. The capital investment gives the private equity firm a 60% stake in Yaohua Glass. The state asset supervision and administration commission of Qinhuangdao city in Shandong Province holds a 30% stake in the company. International Finance Corporation, the private sector investment arm of World Bank, holds the remaining 10%.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.