PE firm Elite Partners Capital forges closer ties with Ho Lee Group
It appoints Ho Lee Group's executive director Micheal Tan Hai Peng as its executive chairman
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Anita Gabriel
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Singapore
SINGAPORE's homegrown private equity (PE) firm Elite Capital has appointed the scion of property and construction firm Ho Lee Group, Micheal Tan Hai Peng, as its executive chairman.
This signals a further tightening of ties between the two sides since Elite won the backing of Ho Lee as its sponsor; the relationship between the key individuals of both firms go back a decade.
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