The Silverstone-based squad, which currently races in F2, F3 and F4, announced on Monday that its parent company Hitech Global Holdings Limited had sold a 25 percent stake to Kazakh businessman Vladimir Kim.
Kim’s main interests are in the mining, banking and aviation sectors, with his Kazakhmys and KAZ Minerals Group’s work in extraction and processing of copper ore making it one of the top ten copper producers in the world.
Previously, Kim’s companies have sponsored Kazakh athletes, including boxing champions Gennadiy Golovkin and Serik Sapiyev, as well as top-ranked tennis players, but the Hitech deal is his first foray into international motor racing.
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