Sunday, April 05, 2015

QAF #14 - Correction: the history of QAF Limited - Brunei's royal family, Wong Fong Fui, and the Salim Group

Earlier, I talked about parts of the history of QAF Limited, and I had assumed that Mr Wong Fong Fui had bought over stake in QAF from Brunei's royal family.

There is an article on Page 26 of today's 早报, and it mentioned that Mr Wong was actually invited by the Brunei royal family to help save QAF from the brink of bankruptcy,


However, this does not alter the fact that the Salim Group had indeed paid $500 million for its stake in QAF.