Shenzhen-listed real estate developer Tahoe Group is planning to to establish a RMB20 billion (US$3.1 billion) mergers and acquisition (M&A) fund focused on real estate projects, according to a stock exchange filing. The group is launching the fund with affiliate companies Tahoe Fuzhou and Tahoe Pingtan. Under the partnership, Tahoe Fuzhou will invest RMB18 billion (US$2.8 billion) to the fund, while Tahoe Group would provide RMB2 billion (US$314 million) and Tahoe Pingtan RMB5 million. According to the filing, the aim of the …

Chinese Real Estate Developer Tahoe Group To Launch $3.1B M&A Fund appeared first on China Money Network.


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