19 Aug '11, 2pm

Singapore tycoon takes stake in McLaren Automotive - Straits Times Singapore #TEAMFOLLOWBACK

Singapore tycoon takes stake in McLaren Automotive - Straits Times Singapore #TEAMFOLLOWBACK

Peter Lim, a billionaire businessman who made his fortune through stockbroking, 'has completed a significant investment in the company", McLaren said in a statement on its website. -- PHOTO: BT SINGAPORE (AFP) - A Singaporean tycoon has taken a 'significant' stake in McLaren Automotive, the British high-performance sports car maker said on Friday, in a move aimed to boost its Asian expansion plans. Peter Lim, a billionaire businessman who made his fortune through stockbroking, 'has completed a significant investment in the company", McLaren said in a statement on its website. Mr Lim will join the company's board of directors with immediate effect, said the statement, which did not give the size of the Asian tycoon's investment. It said getting Mr Lim on board is part of McLaren's strategy to expand into the lucrative Asian market for its range of high-performance sports cars.

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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