China stem cell storage firm launches $813m M&A fund
Zhongyuan Union Stem Cell Bio-engineering, a Chinese stem cell storage service operator, has partnered with China Yinhong Capital to launch an industry M&A fund with a target of RMB5 billion ($813 million).
According to a regulatory filing, Zhongyuan Union and Yinhong Capital will set up an entity - Zhongyuan Investment - with registered capital of RMB30 million to focus on M&A activities. Zhongyuan Investment...
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