Investments

Anhui Conch Cement Participates in Establishment of Industrial Investment Fund

Anhui Conch Cement has announced its participation in the establishment of an industrial investment fund, which has completed the first phase of fundraising.

Photo by Austin Distel / Unsplash

Anhui Conch Cement, a Chinese cement manufacturer, has participated in the establishment of an industrial investment fund, which has completed the first phase of fundraising.

The fund, called the China National Building Material (Anhui) New Material Industry Investment Fund Partnership Enterprise, has a first-phase fund size of CNY 15 billion, with Anhui Conch Cement contributing CNY 1.6 billion as a limited partner.

The fund was established in 2021 with the aim of investing in new materials and related industries. Anhui Conch Cement has also invested CNY 3.81 million in the China National Building Material (Anhui) New Material Fund Management Company, which is a general partner and executive partner of the investment fund.

Source: CNStock

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