BEIJING, May 17 (Xinhua) -- Highrun Capital Global, a wholly-owned subsidiary of China Highrun Capital Limited, set up an overseas M&A fund worth 3 billion U.S. dollars with Zhejiang Xinxin Asset Management Co., Ltd.
The Xinhua-run www.cs.com.cn reported on Thursday that the fund aims to provide M&A services in the entire industrial chain to domestic companies with a high degree of participation in the construction of Belt and Road, and to invest in the fields of a new generation of information technology, high-end CNC machine tools and robots, and aerospace equipment, marine engineering equipment and high-tech ships, advanced rail transportation equipment, energy-saving and new energy vehicles, electric equipment, agricultural machinery equipment, new materials, bio-medicine and high-performance medical equipment sectors.
Established in October, 2014, Highrun Capital Global currently has a management scale of more than 11 billion yuan. (Edited by Ma Xin, maxin11@xinhua.org)
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