November 20, 2017 / 2:58 PM / 6 months ago

BRIEF-Gcl New Energy to establish investment fund with Taiping Financial

Nov 20 (Reuters) - Gcl New Energy Holdings Ltd

* Announces ‍co-operation framework agreement for establishment of investment fund with Taiping Financial Holdings​

* ‍Taiping Financial or its affiliates will lead establishment of investment fund with fund size of about HK$8.00 billion​

* Establishment of fund to invest in GNE by way of subscription of new GNE shares and convertible bonds​ Source text for Eikon: Further company coverage:

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