Singapore's China-Backed Exchange Set to Start Trading on May 25 – BloombergQuint

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Zhu himself is a major investor in Apex, which has more than 60 employees. A unit of CEFC China Energy Co., the troubled energy giant, holds a 20 percent stake in Apex, according to corporate filings. Hong Kong Xinhu Investment Co. and Shanghai Chaos Investment also have stakes. Lim Hwee Hua, a KKR Inc. senior adviser who was Singapore’s first female minister, is Apex’s chairman.