China Business News: First Eastern's unit to launch RMB 6-bln fund in Shanghai

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First Eastern's unit to launch RMB 6-bln fund in Shanghai

Aug. 19, 2009 (China Knowledge) - First Eastern Financial Investment Group, a Hong Kong-based private equity firm, intends to raise RMB 6 billion through its new fully-owned mainland unit, sources reported. First Eastern (Shanghai) Investment Management, which obtained its license on Aug. 14, plans to raise the funds within the next 12 months to invest in regional development and environmental pr

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