Jiangsu SINOJIT Wind Energy to Set Up USD14.7 Million Wind Power Industry Development Fund
Yicai Global
/SOURCE : Yicai
Jiangsu SINOJIT Wind Energy to Set Up USD14.7 Million Wind Power Industry Development Fund

(Yicai Global) Nov. 14 -- Jiangsu SINOJIT Wind Energy Technology Co. [SH:601218], a wind-power equipment manufacturer, will initiate a wind power industry development fund with a preliminary fundraising goal of CNY303 million (USD44.56 million). The company will invest CNY100 million (USD14.7 million) itself as a limited partner.

Jiangsu SINOJIT will found a joint-venture to take care of fundraising and investment management and the company will hold a majority stake in the fund, the company said.

The industrial investment fund will mainly underwrite the construction, operation and management for wind-power plant projects, the company said.

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