Leading Chinese seafood producer and distributor Zoneco has teamed up with an investment management company to launch a fund aimed at buy outs of seafood assets.
The “Seafood Investment Mergers and Acquisitions Fund” was launched by Zoneco Group Co (which goes by the Mandarin name Zhangzidao) has signed an agreement to set up the fund with Guotai Yuanxin Asset Management Co. and Shanghai Jiquan Asset Management Co.
The value of the fund wasn’t disclosed in a brief statement to Zoneco investors, which did however state that the fund would have a “foreign focus” and would “find new points of profits” for Zoneco.
