China’s dairy producer Yili Group, fully known as Inner Mongolia Yili Industrial Group, has launched a $100-million private equity fund to invest overseas, according to the company’s filing with the Shanghai Stock Exchange (SSE) on Wednesday.
Yili Group’s fully-owned subsidiary — Hong Kong Jingang Trade Holding Company — will serve as the fund manager to invest $100 million into the fund while YJLC GP Limited, a subsidiary of Hong Kong Jingang Trade Holding Company, will serve as the limited partner.
