Rosewood. The pentahotels unit was acquired by Rosewood Hotel Group from aforementioned CTF Holdings in December 2013. Some of the hotels of New World Development, as of 2018, were still managed by Rosewood Hotel Group. In 2016, CTFE acquired Baha Mar Resort, a mega-resort project in Nassau, Bahamas. The 3 hotels of Baha Mar Resort were then managed by Rosewood, Grand Hyatt, and SLS Hotels, respectively. Rosewood Hotel Group was headed by Sonia Cheng, daughter of Henry Cheng and granddaughter of the late Cheng Yu-tung, patriarchs of CTFE and NWD. Other investments Chow Tai Fook Capital owned shares of listed companies Giordano, Hsin Chong, Integrated Waste Solutions Group Holdings, Mongolia Energy Corporation, New Times Energy, and Shengjing Bank since 2015. These shares were personally owned by Cheng Yu-tung, patriarch of the Chow Tai Fook group, in the past. If counting underlying shares, as of 2018, Chow Tai Fook Capital, via Chow Tai Fook Nominee, owned 173.30% of issued shares of Mongolia Energy Corporation, as the denominator did not count underlying shares. Chow Tai Fook Nominee, as of 31 December 2017, owned 11.65% of the H shares of Shengjing Bank, equivalent to 3.10% of total share capital. Chow Tai Fook Nominee also formed a private equity fund with listed company Credit China Holdings and VMS Investment, for "investing in collateral-backed lending transaction" in China in 2013. Chow Tai Fook Nominee acquired 272 million H shares of Ping An Insurance in 2011. In 1990, it was reported that Chow Tai Fook Enterprises had formed a joint venture () in Singapore, in which Chow Tai Fook Enterprises owned a 50% stake. The joint venture would invest in South East Asia. In 2017, Chow Tai Fook Enterprises acquired Australia-based Alinta Energy from a private equity fund for AU$4 billion, as well as Loy Yang B power station from French multi-national company Engie for [AU]$1.2 billion. It was reported that the deal was partially financed by loans from 7 financial institutions, including the Bank of China (Hong Kong). In March 2018, Chow Tai Fook acquired new shares in the Star Entertainment Group. In 2018, Chow Tai Fook Enterprises, via a subsidiary (), acquired a 30% share in Yunnan Jinggu Forestry, listed on the Shanghai Stock Exchange. Listed company International Entertainment Corporation (IEC) was a second-tier subsidiary of Chow Tai Fook Enterprises. Chow Tai Fook Enterprises, via Mediastar International, owned 74.78% shares of IEC as of