Shanghai Dazhong Public Utilities (SHA:600635) will invest 150 million yuan as a limited partner into a newly founded private equity fund, Wuxi Luyao Venture Capital Partnership, according to a Thursday filing with the Shanghai bourse.
The investment is equivalent to 74.6269% of the entire fund.
Dazhong Transportation (SHA:600611) will invest 50 million yuan or 24.8756% of the entire capital, and Beijing Ludong will pour in 1 million yuan, or 0.4975% of the total capital.
Wuxi Luyao Venture Capital Partnership is involved in strategic emerging information technology
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