China Railway Construction (SHA:601186, HKG:1186), through unit China Railway Construction Capital Holding Group, proposed to invest 400 million yuan into a partnership fund, according to a Shanghai bourse filing on Saturday.
The Chinese railway construction company's Hong Kong and Shanghai shares both dropped 4% during Monday's afternoon trade.
The partnership fund, Chongqing CRCC Venture Capital Equity Investment Fund Partnership (Limited Partnership), will have a capital of 800 million yuan.
The company will own 50% of the ten-year fund.
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