Private Equity
Richard Ong, chairman of Asian-based private equity fund RRJ Capital, sees himself as the man with the Midas touch. Now he wants to repeat his success with Hong Kong property developer Lai Sun Development. The former Goldman Sachs banker has made huge gains from two Hong Kong-listed mainland property stocks – CIFI Holdings and Logan Property Holding. In October 2013, RRJ invested in CIFI, which primarily invests in Shanghai, with an entry price of HK$1.52. The stock closed down 0.7 per...

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