Friday May 23, 03:06 AM
Sycamore sets up China fund for energy saving/emission reduction cos - report
BEIJING (XFN-ASIA) - US firm Sycamore Ventures (SYVN.PK - news) has set up a 1 bln usd China private equity fund targeting companies in the energy-saving and emissions-reduction business, the official China Securities Journal reported.
Its partner is the China Association of Resource Comprehensive Utilization (CARCU).
The report said 60-80 pct of the fund will be invested in Chinese firms with the remainder going to the US and India.
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