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1719 — China Infrastructure & Logistics News Story

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Brief: China Infrastructure & Logistics Enters Agreement To Form Fund

BRIEF-China Infrastructure & Logistics Enters Agreement To Form Fund

- China Infrastructure & Logistics Group Ltd 1719.HK:

  • UNIT, OTHERS ENTER INTO AGREEMENT TO FORM FUND WITH RMB300 MILLION CAPITAL COMMITMENT

  • UNIT TO CONTRIBUTE RMB8 MILLION TO FUND, REPRESENTING 2.66% OF TOTAL COMMITMENT

  • FUND TERM IS FIVE YEARS WITH THREE-YEAR INVESTMENT PERIOD AND TWO-YEAR EXIT PERIOD

  • FUND TO INVEST IN TRANSPORTATION AND WATERWAY PROJECTS IN HUBEI PROVINCE

Further company coverage: 1719.HK


(Reporting by Tejas Harish)

((Tejas.Harish@thomsonreuters.com;))

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