BEIJING, Dec. 21, 2023 /PRNewswire/ A group of 11 foreigners were invited to come to Jiangtun Town, Tengzhou of Zaozhuang City in east China's Shandong
Middle East asset manager Investcorp eyes up to $550 mln in first China yuan fund reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion to 4 billion yuan ($274 million-$548 million) for its first private equity fund in the Chinese currency, its executive said, to explore buyout opportunities in the country. Investcorp plans to apply in the next few months for a license with Chinese regulatory bodies that will allow it to start raising funds from domestic institutions next year, Investcorp's co-chief executive officer Hazem Ben-Gacem said. Abu Dhabi sovereign investor Mubadala holds a 20% stake in Investcorp.
Middle East asset manager Investcorp eyes up to $550m in first China yuan fund arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.