A group of investors and market professionals have amassed HK$200 million to form a hybrid investment and consultancy company to tap business opportunities in Greater China.
The founders of Goldbond Group said yesterday that it aimed to provide enterprises with straight-through services, from pre-listing stage direct investment to corporate finance advisory services for initial public offerings.
The founders include SAR-based Asia Business Solutions (ABS) which helps China's consumer product manufacturers manage their excessive capacities.
'[Goldbond] has set aside HK$200 million [for investment in potential enterprises] in the first year,' said director Moreton Binn, who represents ABS, the company's majority shareholder.
'If necessary, we will further expand that HK$200 million base to HK$2 billion.'
Mr Binn said Goldbond could leverage on ABS' expertise in the consumer products industry.
Similar expertise could also come from co-founder Charles Wong, who is also chairman.