“This fund will have a China-Asean angle. We want to bring Chinese companies into Asean, and Asean companies looking to expand into China. We’re looking at the healthcare, technology and consumer sectors to start with,” says Fong.
CGS International Securities, a regional investment banking group with Chinese parentage, is working towards establishing a private equity (PE) fund to facilitate China-Asean capital flows, even as it seeks to expand its asset management business in Asean.
“We want to launch a large PE fund, hopefully in the next year,” CGS International Group CEO Carol Fong says in an interview with The Edge Malaysia. She estimates the fund’s size at up to US$1 billion ($1.2 billion).
