Zhongnan Heavy, ZEG Capital launch China media fund
Jiangyin Zhongnan Heavy Industries, a Chinese steel equipment manufacturer, and ZEG Capital, an investment arm of China Zhongzhi Enterprise Group, want to raise up to RMB3 billion ($483 million) for a media-focused buyout fund.
According to a regulatory filing, Shenzhen-listed Zhongnan Heavy and ZEG Capital will form a joint venture called Zhongnan Cultural Media Fund Management. Zhongnan will contribute RMB3 million, with ZEG...
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