RRJ Capital Invests US$50 Million for a Minority Stake in Jing King Technology Holdings (Asia)
Source: The Wall Street Journal | Author(s): Chao Deng
Asia-focused private equity firm RRJ Capital is investing around US$50 million for a minority stake in China-based credit card manufacturer Jing King Technology Holdings. The company’s chairman and chief executive Lennon Tan will continue to hold a controlling stake. Jing King was previously owned by Southeast Asia-focused private equity firm Southern Capital Group before being bought out by management in 2012.