Jiangyin, Jiangsu province-based Chinese steel equipment manufacturer Jiangyin Zhongnan Heavy Industries says it will partner with Chinese investment firm ZEG Capital to raise a media-focused buyout fund. The fund will seek to collect as much as RMB3 billion ($480 million) for a joint fund called Zhongnan Cultural Media Fund Management, according to a company announcement. […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network