Hopu Investment Management Co. buy 4.9 percent of Indonesia PT Lippo Karawaci.
Beijing-based Hopu purchased the stake from China ResourcesHoldings Co. for $45 millionThe
purchase price was 508 rupiah.
Hopu, founded by Fang Fenglei in 2007 and run by former Goldman Sachs banker Richard Ong, is making its first investment in Southeast Asia's biggest economy after buying stakes in China
Mengniu Dairy Co., Bank of China Ltd. and China Construction Bank Corp. this year.
Wednesday, October 21, 2009
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