Thursday, June 26, 2008

RM1bil water fund launched

TheStar

KUALA LUMPUR: AmInvestment Bank Group and Singapore-based Konzen Group have jointly launched a RM1bil pioneering water fund.

The fund, AmKonzen Asia Water Fund (AmKonzen AWF), is to capitalise on the booming water sector, primarily in China and South-East Asia. It will be managed by Singapore-based AmKonzen Water Investments Management Pte Ltd.

AmKonzen Water is a 50:50 joint-venture private equity fund management company between AmInvestment’s and Konzen Group’s unit Malaysian Ventures Management Inc Sdn Bhd and Konzen Capital Pte Ltd, respectively. – Bernama

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