China Media Capital sets up investment fund
June 28, 2010 Category Mergers & Acquisitions, Weekly
China Media Capital announced it established a CNY2 billion fund that focuses on the media and entertainment sectors. Shanghai Media Group and China Development Bank (CDB) were among the major investors in the new fund. “We will focus on growth capital, corporate restructuring, management buyout and privatization opportunities,” Michael Tung, Chief Investment Officer of China Media Capital, said.
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