Whitney

US firm takes stake in Value

PUBLISHED : Tuesday, 07 July, 1998, 12:00am
UPDATED : Tuesday, 07 July, 1998, 12:00am

Hong Kong-based fund management firm Value Partners has sold a 29 per cent stake to US-based private investment group J.H. Whitney & Co. Value Partners, controlled and managed by Cheah Cheng-hye and Yeh V-nee, said J.H. Whitney would support plans for launching a mainland fund. It would also help set up a Singapore office specialising in Southeast Asian markets.