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Hainan Zhenghe Industrial Group Co Ltd signs strategic cooperation agreement with FIRST RESERVE MANAGEMENT, L.P.

Tuesday, 13 May 2014 08:00pm EDT 

Hainan Zhenghe Industrial Group Co Ltd:To subscribe $130 mln worth investment stake in FIRST RESERVE MANAGEMENT, L.P. and to invest up $800 mln in existing investment project of FIRST RESERVE MANAGEMENT, L.P.To cooperate in investment, exit, refinancing and new technology of upstream oil project.