Stay updated with breaking news from Co malaysian. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mingtiandi Username Yacht-loving Malaysian billionaire Lee Seng Huang is leading SHK & Co into fund management Sun Hung Kai and Company is aiming to raise between $200 million and $300 million for a just-launched real estate debt fund as it expands its investment management business regionally. Co-founded by the patriarch of Hong Kong’s Sun Hung Kai Properties but under separate ownership for decades, Sun Hung Kai and Company is committing $100 million from its own balance sheet to kick off the fund, the HKEX-listed firm said in a Thursday press release. The vehicle, which is led by portfolio managers Simon Tozer in Melbourne and Rai Katimansah in Singapore aims to invest in first and second mortgages for commercial and residential real estate in Asia-Pacific over its five-year life. ....