Chinese billionaire Pang Shengdong invests S$5m in Tembusu's ICT fund

Chinese billionaire Pang Shengdong invests S$5m in Tembusu's ICT fund

A customer counts Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee

Singapore-headquartered private equity firm Tembusu Partners has raised S$5 million (US$3.5 million) from Chinese billionaire Pang Shengdong.

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