Shenzhen Capital hits first close at $262m for its $525m debut M&A fund

Shenzhen Capital hits first close at $262m for its $525m debut M&A fund

People cross a street at Nanshan district in Shenzhen, China September 14, 2015. REUTERS/Bobby Yip

China-based venture capital firm Shenzhen Capital Group has achieved the first close of of its debut merger and acquisition fund at 1.6 billion yuan ($262 million) on December 28, 2018, it said in a statement on January 4.

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