Datang Plans PE Fund in Jiangsu
Submitted by BOCVIP on Wed, 05/19/2010 - 07:53
Datang Telecom Technology (600198) plans to jointly set up a five billion yuan private equity fund with three companies in Jiangsu Province, said the company yesterday in a statement.
The fund aims to invest in private companies in the Internet Of Things sector.
The share price of Datang Telecom rose 4.92 percent to close the morning session at 14.5 yuan.
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