BOC International plans to launch RMB 1-bln PE fund
Published: 08 Jul 2009 18:14:00 PSTJul. 9, 2009 (China Knowledge) - BOC International Holdings Ltd, a wholly-owned subsidiary of Bank of China (BOC)<601988><3988>, plans to set up an RMB-denominated private equity (PE) fund to raise up to RMB 1 billion, said sources familiar with the matter on Wednesday, Reuters reported. The new fund will focus its investment in the media sector in mainland China. The sources said that BOC International has been in talks with potential investors, including major state-owned media groups, over the planned fund. The sources also said that the size of the fund has not been finally decided. There is no comment available from BOC International. BOC International is mainly engaged in providing investment banking services including securities underwriting, mergers and acquisitions, equity sales & trading, and asset management. It has subsidiaries in New York, London, Hong Kong and Singapore, and a sales network covering major cities in China. Copyright © 2009 www.chinaknowledge.com |
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