By Stefanno Sulaiman and Dewi Kurniawati JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters. The contract is…
I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile agreed to acquire a 15.5 per cent holding in HKBN from buyout…
One of the “brightest financial minds” at Beijing’s sovereign wealth fund is set to join the central government’s liaison office in Hong Kong, according to sources. Qi Bin, 57, vice-president and deputy chief investment officer with China Investment Corporation (CIC), is expected to arrive in Hong Kong this week. He is likely to become a…