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Forchn plans for second, bigger fund to shop for S-E Asian assets

The group is talking to 3M about investment in Indonesia and also with business partners in Vietnam

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Forchn chairman Zhang Guobiao: "The idea is for the fund to acquire some assets first. Then, at an appropriate time when the assets stabilise or meet the requirement of the Reit, they can become a very good source of pipeline assets for the Reit."

Singapore

THE ink has barely dried since Forchn Holdings launched a US$150-million private equity fund last year to buy logistics real estate in South-east Asia but already the sponsor of EC World Reit has plans to launch a second, bigger fund.

The privately-held group, with

sentifi.com

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