Three Media Firms To Jointly Launch China Investment Fund

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Hong Kong-listed Media Asia Group, Korea’s S.M. Entertainment Co., Ltd., and Taiwanese financial and communications conglomerate Fubon Group plan to set up a joint investment fund to back film and television projects in China, according to a securities filing.

The fund, named Dragon Tiger Capital Partners L.P., will have US$ 20 million as seed capital. The three parties plan to raise capital from third-party institutional investors starting from late September, with an overall fundraising target of US$100 million to US$200 million.

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