Sin­ga­pore fund eyes me­dia, en­ter­tain­ment in­vest­ments

China Daily (Canada) - - BUSINESS -

Three part­ners from China and Sin­ga­pore launched a $100 mil­lion pri­vate eq­uity fund in Sin­ga­pore onWed­nes­day tar­geted at China’s grow­ing me­dia and en­ter­tain­ment in­dus­try. It was be­lieved to be the first non-ren­minbi de­nom­i­nated fund ded­i­cated to in­vest­ments in China’s me­dia en­ter­tain­ment in­dus­try, the part­ners said. The fund, which is to be based in Sin­ga­pore, was jointly launched by Yu Dong, founder and chair­man of Nas­daq-listed Bona Film Group Ltd, Sin­ga­pore pri­vate eq­uity fund Tem­busu Part­ners and me­dia en­tre­pre­neur Calvin Cheng.

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