China’s state-run Citic Group, one of the world’s€™s top owners of foreign assets, is in talks to buy a 60 per cent controlling stake in Jing King Tech Group from RRJ Capital, according to people familiar with the matter. Also in the race are the Government of Singapore Investment Corporation (GIC) and TPG Capital, a US$75 billion US private equity firm based in Fort Worth, Texas, the people said. Photo: SCMP

Citic unit in race with GIC, TPG to buy Singapore smart card maker Jing King, as deal making shifts to Southeast Asia

  • Citic unit, GIC and TPG are in a race to buy a 60 per cent stake in Singapore’s smart card maker Jing King Tech Group from RRJ Capital
Topic |   Mergers & Acquisitions

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China’s state-run Citic Group, one of the world’s€™s top owners of foreign assets, is in talks to buy a 60 per cent controlling stake in Jing King Tech Group from RRJ Capital, according to people familiar with the matter. Also in the race are the Government of Singapore Investment Corporation (GIC) and TPG Capital, a US$75 billion US private equity firm based in Fort Worth, Texas, the people said. Photo: SCMP
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