Black Peony Group (SHA:600510) subsidiary Changzhou Peony Jiangnan Venture Investment plans to co-invest in establishing the Changzhou Xinbei Hejia New Carbon Venture Investment Partnership.
Changzhou Peony Jiangnan Venture Investment will invest 19 million yuan in the fund, which comprises 19% of the fund's total size of 100 million yuan, according to a Friday filing with the Shanghai bourse.
The fund will invest in new energy, advanced carbon materials and related industries in the Changzhou High-Tech Zone.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.