Private equity firms Baring Private Equity Asia, CDH Investments and Hony Capital have completed the privatization of China-based online game developer and operator Giant Interactive Group, valuing the company at approximately US$3 billion. The company ceased trading on the New York Stock Exchange on 18 July, and deregistration will be completed within 90 days. The transaction was financed through a combination of debt, rollover equity from Giant's chairman Yuzhu Shi and Baring Asia and fresh capital committed by Baring Asia, CDH and Hony. Baring Asia holds a 22.5 percent interest in Giant post-transaction, while CDH and Hony own a nine percent stake and a 25.5 percent stake, respectively.