Tuesday, 10 September 2013

Li Ka-shing's CEF Holdings looks to resources and Gold Miners ?

As noted by Lawrence Roulston mining buyers may come from outside the sector aswell as from within.
CEF Holdings, a venture between Li Ka-shing's flagship company and Canadian Imperial Bank of Commerce (CIBC), is looking to invest in gold mining companies after a slump in prices created buying opportunities.
"Long term, gold is a good place to be," CEF chief executive Warren Gilman said in an interview in Hong Kong. Cheung Kong (Holdings), controlled by Li, Asia's richest man, and CIBC each own 50 per cent of CEF. The venture focuses on investing in resources companies globally.



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