Guolian Securities (SHA:601456) terminated plans to set up the Guolian Tongzhi Fund after partners agreed to dissolve the vehicle.
The fund, which was intended to raise 1.22 billion yuan, would have seen the company invest 480 million yuan via its private equity unit alongside related party Guolian Life Insurance, according to a Tuesday filing with the Shanghai bourse.
Shares of the securities company were down 1% in recent trade.
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