Xiamen Tungsten to Co-Sponsor M&A Fund

MT Newswires Live11-26

Xiamen Tungsten (SHA:600549) plans to co-sponsor a 500-million-yuan merger and acquisition fund named Fuchuang Jiatai Yixin.

The fund will focus on investments in new materials and intelligent manufacturing, according to a Wednesday filing with the Shanghai bourse.

Company subsidiary Xiamen XT Investment will contribute 195 million yuan and affiliated fund manager Xiamen XT Jiatai Private Fund Management will contribute 1.8 million yuan.

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