Xinhuanet (SHA:603888), through subsidiary Xinhua Net Venture Capital, will invest 15 million yuan into a partnership fund, according to a Shanghai bourse disclosure on Friday.
The fund, Xinhua Net Shengshi Qingneng (Nantong) Equity Investment Fund Partnership (Limited Partnership), will have a total capital of 35 million yuan and a term of 7 years.
The fund will invest in Wison Clean Energy Technology Group, the Chinese state media company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments