Xinhuanet (SHA:603888) subsidiary Xinhuanet Venture Capital committed 15 million yuan for a 6.8% stake in private equity fund, Zhongbao Tou Xin Si Chuang (Jiaxing) Equity Investment Partnership, according to a filing with the Shanghai bourse.
The fund, with a total committed capital of 221.1 million yuan, has the primary investment objective to acquire equity in Shanghai Silan Technology, a company that has not yet completed an initial public offering.
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