Yutong Bus (SHA:600066) unit Hong Kong Shengyu will invest $100 million as a limited partner in Lochpine Green Fund.
The Cayman Islands-registered private equity fund, with a 10-year duration, targets a size of $1.5 billion and focuses on carbon neutrality-related investments, according to a Monday aftermarket filing with the Shanghai bourse.
Shares of the bus maker rose 1% in recent trade.