China Development Financial Holding plans PE fund - report
Taiwan-based China Development Financial Holding (CDFH) is said to be planning a private equity fund that will invest in unlisted companies in local creative industries. This is line with a strategy to strengthen its asset management business while reducing its reliance on balance sheet investments.
The new fund, for which registration is currently being sought in Taiwan, has paid-in capital of NT$1.5 billion ($50.2 million). The conglomerate's subsidiary, China Development Industrial Bank (CDIB)...
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