China-focused investment firm Puji Capital said it would partner with A-share listed securities company First Capital Securities to set up a joint venture to accelerate the innovation in the cultural, technology and consumer industries in China and abroad, according to an announcement.
The two companies did not disclose details of the joint venture, but said they would seek to invest in companies in these sectors, as well as conduct mergers and acquisitions to help industries integrate.
Through the joint venture, both companies will gain access to capital, global network and management expertise that will enable further investments, both organically and through acquisitions, to foster expansion for growth companies, they said in the announcement.
"We believe that the new joint venture will be a new investment platform of its kind tha...
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