Chinese dairy products maker Yili Group sets up $286m FOF

Chinese dairy products maker Yili Group sets up $286m FOF

Chinese dairy products producer Yili Group and its subsidiary have launched a fund of funds (FOF) to invest 2 billion yuan ($286 million) in private equity funds, fund management companies, and enterprises with high growth potential, said the company in a filing with the Shanghai Stock Exchange (SSE) on Tuesday.

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