Cathay Capital invests $20m in China cold chain company
Cathay Capital Private Equity has agreed to invest RMB120 million ($19.6 million) in Chinese refrigerated transport company Shanghai Zhengming Modern Logistics (ZM Logistics). The size of the stake was not disclosed.
ZM Logisitcs was set up in 2011 following the integration of the logistics business of Zhengming Group and Shanghai Zhengming Transportation, which was established in 1994. The company specializes in cold...
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