On December 1, China Merchants Port Group announced that it would invest in the establishment of China Merchants Port (Shenzhen) Industrial Innovation Private Equity Investment Fund.
The scale of the fund is 6001.2 million yuan, of which, China Merchants Venture Capital, as general partner and executive partner, plans to subscribe 120000 yuan, China Merchants Port plans to subscribe 300 million yuan, and China Merchants Innovation Fund plans to subscribe 300 million yuan.
China Merchants Venture Capital has accumulated more than 60 investment projects with an investment amount of nearly 2 billion yuan; The fund business has invested in 25 head sub-funds with a total investment amount of 2 billion yuan.
In 2019, the operating income of China Merchants Venture Capital was RMB 33,018,868, and the net profit was RMB 10,455,985; as of August 31, 2020, the net asset of China Merchants Venture Capital was RMB 119,404,232.
Private equity fund will help to promote the business development of frontier technology in port industry.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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