La Chapelle, Legend To Jointly Launch $24M Investment Fund

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Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd. has teamed up with Legend Capital to launch a RMB153 million (US$24 million) investment fund, according to a company announcement.

La Chapelle, backed by Legend Capital, Boxin Capital, Shanghai Ronggao Venture Capital, Asia Alternatives Management LLC. and Orchid Asia Group Management Ltd., will contribute RMB150 million to the fund as limited partners.

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