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Visual China Group Subsidiary's Venture Fund Completes AMAC Registration

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Visual China Group (SHE:000681) said its co-invested investment vehicle, Sheng Sheng Bu Xi Equity Investment Partnership, completed its private fund filing with the Asset Management Association of China (AMAC) on May 19.

Sheng Sheng Bu Xi Equity Investment Partnership is a fund co-invested by company subsidiary Beijing Huaxia Visual Technology, according to a weekend filing with the Shenzhen bourse.

The fund, managed by Beijing Huagai Chuangying Private Fund Management, has a total subscribed size of 55 million yuan, with Beijing Huaxia Visual Technology contributing 6 million yuan for a 10.91% stake.

Bank of Hangzhou served as custodian.

Shares of the photo and media agency were down 1% in recent trade.

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