Ong Brothers to Join Hands, Once Again
Submitted by Gurpreet Singh on Tue, 09/06/2011 - 03:03
A merger is due to be seen between Malaysian-born Ong brothers who recently booked fabulous profits in Asian markets. The two are joining hands so that they could provide advice to the RRJ Capital, a private equity firm which has a value of $2.3 billion in the market.
The move taken by the two of joining hands is temporary. It has been reported that even after the joint venture Charles will be enjoying the post of Senior Managing Director for the new project. With the pursuit of better working of the project, youngsters will be given a chance.
Although it has been announced that a joint venture between Ong brothers would take place, none has as yet commented upon the current situation. The Ong brothers have been doing magnificently in Asia. In their partnership, the duo raised an amount $5 billion in the Asia.
Meanwhile, it has emerged that amidst Economic meltdown, the Junk Bonds in European markets are performing worse as the troubled economy of Europe is driving the investors away.
Since 2008, the bonds in the troubled economy regions lost about 6.4%.
