July 28 – Luxin Venture Capital Group (600783) will spend 100 million yuan to form a limited partnership called Huanghe Delta Industry Investment Fund, reports yicai.com, citing a company filing.

The fund has a total scale of 20 billion yuan, with the first phase hitting five billion yuan and having eight-year terms. It will focus on new energies materials, agriculture, electronic information, energy efficiency, and infrastructure.

Luxin Group, which is based in Zibo city, Shandong province, produces grinding tools and materials including abrasive paper, silicon carbide rods, and lemon acid.

Source:CapitalVue