CMOC Group (HKG:3993, SHA:603993) plans to invest 900 million yuan in two private equity funds through its subsidiary Tibet Shimoke Trading, according to a Shanghai bourse filing on Wednesday.
The subsidiary will invest 500 million yuan in the Nanjing Yuanfeng Panmao Equity Investment Fund and 400 million yuan in the Hangzhou Hexie Growth Phase IV Equity Investment Fund.
The Nanjing Yuanfeng fund targets industries including artificial intelligence, high-end equipment and other emerging technologies, while the Hangzhou Hexie fund focuses on growth-stage companies.
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