[1] It operates mainly in the Asia-Pacific region, including Singapore, Hong Kong and Japan.

[6] In 1993, Richard Li sold STAR TV to Rupert Murdoch's News Corporation in 2 tranches for around US$1.0 billion, achieving a return of 9x over 3 years,[7] and went on to form PCG.

[8] PCG has a strong track record of holding and developing assets over the long term, and has a network of well-established connections in Asia.

[12] Having grown the business in Hong Kong into a public company with a strong agency force and sound financial performance, there were limited opportunities for expansion in Asia at that time.

In 2007, PCI was sold to Fortis to better position the business for the next phase of growth as part of a broader international platform.