Tembusu, Cheng and PRC group to set up US$100m fund
Calvin Cheng Singapore private equity firm Tembusu Partners and local media entrepreneur Calvin Cheng have teamed up with the founder of China's largest private film distributor, Bona Film Group, to set up a US$100 million private equity fund that will invest in the Chinese media and entertainment industry. Founder and Chairman...
Different CPF MS for different groups under study
Speaking to the media in a wide-ranging interview on manpower issues last week, Manpower Minister Tan Chuan-Jin said that there could be different CPF Minimum Sums for different groups, depending on their needs rather than having a one-size-fits-all approach to retirement funding. "When you are looking at different levels of...
Widow removes PRC tour guide Yang Yin from her will
PRC tour guide Yang Yin Wealthy widow Chung Khin Chun, 87, has made a new will which leaves almost all her estimated $40 million fortune to charity. She has removed PRC tour guide, Yang Yin, from her will altogether. She cancelled an earlier will she made in 2010 in which Mr Yang was appointed as the sole executor and beneficiary...
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