Asia
Shanghai Dazhong Public Utilities, Dazhong Transportation Invest Emerging IT Private Equity Fund
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
SHA:600611SHA:600635
