Africa is a major target for Chinese investment to secure resources, and Prince’s new company — Hong Kong-headquartered Frontier Services Group (FSG) — provides risk management, logistics, and aviation services to companies that want to set up in Africa, according to FireDogLake.com.
Based in Hong Kong, FSG works closely with one of China’s state-owned enterprises, CITIC Group, according to the report. CITIC is a state-owned investment group worth
about $12 billion with 44 subsidiaries that owns banks in the U.S., Canada, Australia, Hong Kong and New Zealand. CITIC was in talks at one point to buy Morgan Stanley, according to the report.