Hubei Voicecomm Technology (HKG:2495) agreed to form a limited partnership, Hukou Ruili High Quality Development Private Equity Fund Partnership, with Hukou County Xinghu Holding Industry Group and Shanghai Haixuan Enterprise Management Partnership, a Tuesday Hong Kong bourse filing said.
The partnership will have an initial size of 600 million yuan. Shanghai Haixuan will be the general and executive partner with a capital commitment of 1% and will contribute 6 million yuan to the partnership.
Xinghu Holding and the company will each be limited partners with capital commitments of 70% and 29% respectively, i.e. respective contributions of 420 million yuan and 174 million yuan.
Shanghai Real Power Capital Fund Management has been appointed as the fund manager of the partnership.
The company, through the partnership, seeks to leverage state-owned resources to help it identify suitable investment projects in Hukou County, Jiujiang City, Jiangxi.
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