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CGS Plans to Set up US$1B Investment Fund in Southeast Asia; CICC Plans to Establish US$100M Fund in Malaysia to Invest in Gaming Sector
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CICC (03908.HK) and CGS (06881.HK) planned to launch funds in Southeast Asia within the next year and a half, with a total scale of over US$1 billion, indicating that investment banks are shifting their focus from the domestic market to outbound investment and deepening regional economic ties. In addition, a Malaysian official said that CICC Capital, the private equity investment arm of CICC, is collaborating with the Malaysia Digital Economy Corporation to establish a US$100 million fund to invest in Malaysia's gaming industry. AAStocks Financial News Website: www.aastocks.com |
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