China Knowledge, 3 Mar 2009
Mar. 3, 2009 (China Knowledge) - Singapore-based DBS Bank announced that its wholly-owned subsidiary, DBS Private Equity Enterprise, has set up a US$100 million onshore RMB-backed fund to invest in unlisted firms in China, the Shanghai Daily reported.
The fund will offer capital to mid-to-late stage Chinese enterprises in growth industries and to list them on the domestic A-share market, said Melvin Teo, managing director and head of DBS Private Equity.
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