Kazakhstan, Hong Kong Billionaires Li, Cheng, Yung Plan Fund, Premier Says

Posted on 10/16/2010


Bloomberg reports, “Kazakhstan has joined Hong Kong billionaires Li Ka-shing, Larry Yung and Cheng Yu Tung to form a $400 million private equity fund that will help Kazakh companies list in the city, Prime Minister Karim Massimov said. Kazyna Capital Management JSC, a unit of the country’s sovereign wealth fund, will initially contribute $100 million […]

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