July 6 (NBD) -- China Vanke Co., Ltd. (000002.SZ) announced Friday that its subsidiary Beijing Vanke Co., Ltd. (Beijing Vanke) and Vanke Hengqin Healthcare Investment Co., Ltd. (Vanke Hengqin), along with CITIC Capital Equity Investment (Tianjin) Corp Ltd (CITIC Capital Tianjin) have entered into a partnership agreement to jointly invest in an established healthcare fund.

The fund aims to raise a total of 1.7 billion yuan (256.3 million U.S. dollars) and the target at the initial phase is 802 million yuan (120.9 million U.S. dollars), of which 801 million yuan (120.7 million U.S. dollars ) will be contributed by Beijing Vanke, 1 million yuan (150,747.8 U.S. dollars) by Vanke Hengqin and 10,000 yuan (1,507.5 U.S. dollars) by CITIC Capital Tianjin.

Email: tanyuhan@nbd.com.cn