SFund International acquires 9.8% stake in HK-listed Asia Allied Infrastructure

Photo: Asia Allied Infrastructure

SFund International Investment Fund Management has acquired 9.8 stake held by the Pang family in Hong Kong-listed Asia Allied Infrastructure Holdings (AAI).

SFund International is the international investment and financing arm of Guangzhou Industrial Investment Fund Management Co., Ltd.

According to an official release, the Pang family, which is the controlling shareholder of AAI, entered into an agreement with SFund International on March 23 regarding the disposal of the shares. Once the transaction is completed, the Pang family will own approximately 61.8% equity interest in AAI and will remain as the Group’s largest shareholder.

AAI Chairman Dominic Pang said, the cooperation with SFund will not only diversify the Group’s shareholder base but will also enable the company to “capitalise on the experience and resources of SFund International in Mainland China”.

The company, engaged in construction engineering and management, property development, security services and property management, has identified the Guangdong-Hong Kong-Macao Bay Area in particular as a target area for project development in Mainland China.

The joint effort to drive development in the area, Pang added, is on account of the strong demand for education, elderly services and housing in the region.

The deal seeks to combine AAI’s experience in property development, construction and project management as well as SFund International’s network and resources in the country.

SFund International engages in businesses such as government fund management, private equity (PE) investment, venture capital (VC) and other finance platforms. Moreover, it has built a complete financial industrial chain that covers angel funds, VC investment, PRE-IPO, PIPE, M&A funds, urban development funds, government funds, Internet financing and fixed income, among other services.

As of the end of 2017, the company has contracted funds valued at RMB380 billion and managed actual funds worth RMB138 billion.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.