Recently, Shandong Private Joint Investment Holding Co., Ltd. proposed to jointly set up with Shandong Provincial Department of Finance to set up a new high-end chemical mother fund for converting old and new kinetic energy in Shandong Province. The size of the parent fund is 10 billion yuan.
It is understood that, in order to ensure the smooth implementation of major projects in Shandong Province, old and new kinetic energy conversion, Shandong provincial Party committee and government decided to set the total size of not less than 600 billion yuan of old and new kinetic energy conversion fund held in January 12, Shandong Province, old and new kinetic energy conversion fund Cum major project promotion meeting, 10 well-known venture capital companies and fund management companies signed a cooperation agreement.
According to the agreement, Shandong Provincial Department of Finance and Lumintung co-sponsored the establishment of the new and old kinetic energy conversion of high-end chemical industry in Shandong Province mother Fund, the size of the parent fund of 10 billion yuan .Major fund in accordance with the law through the market-oriented way to establish or invest a number of sub The total size of the funds and sub-funds is not less than RMB 30 billion, mainly investing in industries such as fine chemical industry, rubber industry and petrochemical industry.
Lu Minpeng responsible person introduction, the future will be capital appreciation, industrial restructuring and upgrading for the development goals, bringing together all parties capital, the depth of leading the province's fine chemical industry, rubber industry, petrochemical industry and other industries investment, taking into account the advantages of emerging industries mergers and acquisitions, Small and medium-sized financial institutions, liquidity services, restructuring and development of local industries in areas such as industrial layout, promote the transformation and upgrading of private economy in Shandong, Shandong help the conversion of old and new kinetic energy.