Chow Tai Fook Enterprises (CTFE), the flagship private investment holding company of the Cheng Family in Hong Kong, has backed Azure Capital to help expand the company’s footprint in China’s hospitality and multifamily sectors, according to Mingtiandi.
“The investment by CTFE testifies to Azure’s success in sourcing and implementing both hospitality and rental apartment opportunities in China, and we look forward to working with our new partners to produce robust returns as the country’s lodging sector continues to grow,” said Peng Yang, CEO of Azure Capital.
CTFE has invested in Azure Capital at both the corporate level and in the company’s investment vehicles.
