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Power Capital Established First VC Fund in Ganzhou

JIANGXI, Aug 18, 2009 (SinoCast Daily Business Beat via COMTEX) --

Power Capital Co., Ltd., an excellent investment bank in China, established the first venture capital investment fund, known as Ganzhou Power mining and energy sources fund, in Ganzhou City, Jiangxi Province, South China.

The fund is designed to have an initial scale of CNY 100 million and a total scale of up to CNY 500 million.

Wang Xiaobin, chairman of Power Capital, said that he believed his company's cooperation with the organs of Ganzhou, rich in resources and with fine economic and social development tendency, would be a win-win result and hoped further cooperation and communication with the city authorities.

The company, which has possessed advantages in the management of FOF (fund of fund) funds and rich experience in direct investment and investment banking, has helped more than ten companies make direct listings on overseas stock markets, including some matured stock markets in Hong Kong, Singapore, the UK, the US, and Canada. 

Source: www.cnstock.com (August 18, 2009)

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