China Southern Power Grid Energy to Set Up 5 Billion Yuan Equity Fund

MT Newswires Live08-01

China Southern Power Grid Energy Efficiency & Clean Energy (SHE:003035) plans to partner with a number of entities to establish a 5 billion yuan equity fund, the company said in a Thursday filing on the Shenzhen Stock Exchange.

The Chinese energy and environmental protecting services provider will contribute 100 million yuan to the fund, Nanwang Zhanxin Industry Investment Fund (Guangzhou) Partnership (Limited Partnership), accounting for 2% of the fund's total scale.

The ten-year fund will invest in strategic emerging industries, such as new energy, energy conservation and environmental protection and digital power grid.

Shares of the company slipped less than 1% in recent trade.

Price (RMB): Â¥4.22, Change: Â¥-0.05, Percent Change: -1.17%

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