Michael Lee Chin to establish a multi-billion investment fund for the Caribbean region
Expected to be launched by the second quarter of 2005, the fund will take positions in both new companies and start-ups in the region. AIC , of which Lee-Chin is chairman and a 95 per cent shareholder, would use the investment fund for investment in four principal areas. Tourism, the financial services, infrastructure, media/communications and potentially telecommunications.
Over the last few years Mr. Lee-Chin has invested in a number of companies in the Caribbean region including a 44 percent stake in Jamaica's Kingston Wharves, Cable & Wireless, Radio Jamaica, Red Stripe, and an assortment of real estate properties.
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