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4 months ago
BRIEF-Da An Gene Co., Ltd. of Sun Yat-sen University units to set up industrial buyout fund with partners
March 31, 2017 / 2:27 AM / 4 months ago

BRIEF-Da An Gene Co., Ltd. of Sun Yat-sen University units to set up industrial buyout fund with partners

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March 31 (Reuters) - Da An Gene Co., Ltd. of Sun Yat-sen University:

* Says its controlling investment unit and its wholly owned asset management unit plan to set up buyout fund with partners

* Says the fund to be used to invest in health industry

* Says the fund with a total scale of 1 billion yuan

* Says the controlling investment unit will invest 112 million yuan to acquire 11.2 percent stake in it and the wholly owned asset management unit to invest 8 million yuan to acquire 0.8 percent stake in it

Source text in Chinese:goo.gl/lDgBj1

Further company coverage: (Beijing Headline News)

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