Richard Li, the Hong Kong tycoon, has agreed to buy AIG's asset management operation for about $500m in a departure from his media-to-telecoms businesses.
Pacific Century Group, the investment vehicle wholly-owned by Mr Li, on Monday said: “[The AIG operation] suits our investment philosophy of making long-term investments in quality businesses.”
Mr Li, son of Li Ka-shing, Hong Kong's richest man, is a major shareholder and chairman of PCCW, the city's biggest fixed-line operator which is involved in a long-running court case over his attempt to take the company private. His other investments are in property and he owns the Hong Kong Economic Journal, a Chinese-language newspaper.
您已閱讀46%（687字），剩餘54%（812字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。