Chinese conglomerate Sinochem Capital mulls billion-yuan fund

REUTERS/Thomas White

Sinochem Capital Investment Management, an investment platform of Chinese state-run conglomerate Sinochem Group, is entering into an agreement to launch a billion-yuan fund for investments in the fields of new energy, new materials and electronic chemicals.

The new fund is targeting to secure 1 billion yuan ($143 million) in capital commitments and to invest no less than 80 per cent of the total capital in new energy, new materials and electronic chemicals, shows recent documents filed with the Shanghai stock exchange.

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