[ET Net News Agency, 28 May 2018] Shandong International Trust (SDITC) (01697) said it
proposes to participate in the initiation and establishment of Shandong Luxin Venture
Capital New and Old Kinetic Energy Conversion Parent Fund (limited partnership)
(tentatively) with its proprietary funds.
The size of the fund shall not be more than Rmb1 billion, of which SDITC, being a
limited partner, intends to make capital contribution of Rmb260 million, representing 26%
of the size of the fund.
The fund shall invest in biotechnology, healthcare and machinery, artificial
intelligence, new energy automobile, new materials and smart manufacturing areas, among
which the proportion of the capital invested in Shandong Province shall be no less than
70% of the total realisable investment amount of the fund. (HL)