中文

DreamEast cooperates with the state-owned platform of Jiangyin to establish industry fund
20 Sep 2016

On September 20, 2016, DreamEast Culture & Entertainment Group’s subsidiary – DreamEast (Tianjin) Equity Investment Fund Management Co. Ltd. signed Industry Fund Strategic Partnership Agreement with Jiangyin Tourism Culture Industrial Co., which marks the beginning of the two sides’ formal cooperation on the field of industry fund. The cooperation is aimed to establish DreamEast (Jiangyin) Tourism Cultural Industry Fund, which is guided by cultural tourism projects. The fund investment covers such industries as science and technology projects, consumer industry, industrial property, merger, acquisition and regrouping.

Chen Jinhu, Wuxi Municipal Party Standing Committee, Secretary of the Jiangyin Municipal Party Committee and Zhang Shaoping, the vice President of Skyocean Holdings Group and the chairman of Skyocean Finance and DreamEast (Tianjin) Equity Investment Fund Management Co. Ltd. were present at the signing ceremony. Secretary Chen Jinhu made a speech and Zhang Shaoping signed cooperation agreement on behalf of DreamEast (Tianjin) Equity Investment Fund Management Co. Ltd.

Based on the strategic goal of industrial development in Jiangyin, DreamEast (Jiangyin) Tourism Cultural Industry Fund with a scale of 10 billion RMB will cultivate, integrate and upgrade related cultural tourism industries. It will give priority to support and bring in some key projects with a huge investment, high technology content and strong driving influence on the culture industry. With the establishment of tourism cultural industry fund, it will inject new impetus into strengthening the financial support on the culture industry development and improving city facilities. Meanwhile the fund will also promote the local enterprises’ quality and contribute to the industrial transformation and upgrading and the sustainable development in Jiangyin. The two parties will be able to deepen cooperation each other and reach win-win results by integrating government, private enterprise and market resources through cooperation.