China Railway Construction to Commit 400 Million Yuan to Chongqing Railway Construction Fund

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China Railway Construction Corporation Limited (CHINA RAIL CONS) (ASX: 01186) has announced that, in order to meet the company's development and strategic layout needs, its wholly-owned subsidiary China Railway Construction Capital Group plans to participate in the investment of the Chongqing Railway Construction Fund.

The Chongqing Railway Construction Fund primarily invests in two major emerging sectors: new building materials and smart operations and maintenance.

The company will soon sign transaction documents including the Partnership Agreement of Chongqing Railway Construction Venture Capital Fund Partnership (Limited Partnership) (tentative name).

China Railway Construction Capital Group intends to subscribe for fund shares as a limited partner with RMB 400 million, accounting for 50% of the target fund's total subscribed capital.

Railway Construction Fund intends to subscribe for fund shares as a general partner and fund manager with RMB 10 million, accounting for 1.25% of the target fund's total subscribed capital.

China Railway Construction Capital Group and its subsidiary Railway Construction Fund together will subscribe for shares accounting for 51.25% of the target fund's total subscribed capital.

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