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Zhejiang Oriental: Jointly Establishes 100 Million Yuan Private Equity Fund
Zhejiang Oriental announced that its wholly-owned subsidiary, Zhejiang Oriental Group Industry and Finance Investment Co., Ltd., is planned to serve as the fund manager. In partnership with Zhejiang Medical and Health Industry Group Co., Ltd., Kaihua Huakong Equity Investment Co., Ltd., and others, they will jointly establish the “Zheyao Oriental (Kaihua) Life and Health Science and Technology Innovation Fund,” with a proposed fund size of 100 million yuan. The fund shares are subscribed as follows: Chanyin Industry and Investment (Hangzhou) Equity Investment Co., Ltd. and Hanjing Capital each subscribe 1 million yuan; Zhejiang Oriental and Zheyao Group each subscribe 19 million yuan; Huakong Investment subscribes 60 million yuan.