Izzy12 Apr 2011 17:22
Probly not a bad guess, i just think it's strange to halt trading in regards to HK listing, i just feel only two weeks ago this news was released
What do Galaxy have TECHNOLGY, CLEAN TECHNOLGY, THE GREEN ECONOMY, NATURAL RESOURCES, private equity fund $750 Million
RTTNews) - RIT Capital Partners Plc (RCP.L: News ) Thursday said it has established a joint venture fund management company along with Creat Group and Quercus Ventures. J. Rothschild Creat Partners, the newly established venture will operate in China.
The first fund to be launched will be a private equity fund which will take significant unleveraged minority stakes in international companies, across a wide range of sectors where the West has particular expertise. Sectors on which the fund will initially focus include technology and clean tech, the green economy, healthcare, natural resources, and luxury goods.
The target fund size is US$750 million, with RIT and Creat both committing seed capital. Investors will primarily come from the newly formed China International Chamber of Commerce for the Private Sector which has been tasked with enabling and organising overseas investment by Mainland Chinese private enterprises.