Qatar sovereign fund goes shopping in Hong Kong

Qatar Investment Authority buys 19.9% stake in HK department store operator for $618 million as Chow Tai Fook Enterprises partially exits investment.

Qatar Investment Authority on Monday bought a 19.9% stake in Hong Kong-listed retailer Lifestyle International, which operates the flagship Sogo store in Causeway Bay and stores in mainland China for HK$4.8 billion ($618 million).

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