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Zhong Lun Advises the Establishment of the First Equity Investment Fund between China and Korea (“Sino-foreign QFLP”)
Zhong Lun Advises the Establishment of the First Equity Investment Fund between China and Korea (“Sino-foreign QFLP”)
With the approval by and filing with governing authorities inclusive of Shenzhen Municipal Government Financial Services Office and the Authority of Qianhai, the first private equity investment fund between China and Korea, i.e., “China-Korea Industrial Investment Fund" has been successfully established this quarter in Qianhai Area, Shenzhen. The fund is managed by the fund management enterprise established in Qianhai Area by Fortune Link Venture Investment Management Co., Ltd. and Korea SV Investment Corporation and invested by the investors from both China and Korea. The raised capital of the first phase is 100 million USD and will be mainly used to invest the Korean companies and Chinese companies in areas of healthcare, culture and entertainment, TMT, consumption and etc.
As legal counsel of Fortune Link, Zhong Lun Law Firm formed a legal team inclusive of Ms. LIU Ye and Mr. ZHANG Cheng and headed by Mr. LI Ya , and advised the entire process of this project, including transaction structure design, tax planning, documentation in Chinese and English languages, and communication with relevant governing authorities.
Fortune Link was founded by Mr. KAN Zhidong and other professionals that have started working on securities and venture investment since the very early stage in China, and enjoys a high reputation in the capital market in China. Their project member includes Mr. KE jingren, Mr. XIAO Han, and etc.
