'Victoria North' - why a Hong Kong family has invested £76million in Manchester without seeing a penny go back yet
manchestereveningnews.co.ukdirect to your inbox"Anything under £25million is done on WhatsApp."Gavin Taylor, regional general manager at Far East Consortium (FEC), is describing how bosses at the Hong Kong investment company keep the decision-making process as streamlined as possible.With an annual revenue of 7.5 billion Hong Kong dollars last year, it is perhaps also an indicator of how deep FEC's pockets are.The company, registered in the Cayman Islands, was first listed on the Hong Kong Stock Exchange by Deacon Chiu in 1972.Mr Chiu, who died in 2015, was a famous figure in global business circles, having also held the position of chairman of Asia Television Limited in the 1980s.He was said to have been a scrupulous bean counter - legend has it that employees were.
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