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China private equity firm, Thai conglomerate form 10B-yuan urban renewal fund

Beijing-headquartered GoHigh Capital agreed to establish a 10 billion-yuan Chinese urban renewal fund with Thailand's Charoen Pokphand Group Co. Ltd., Mingtiandi reported Jan. 9, citing an agreement signed Jan. 7.

The formerly named Urban Regeneration Fund, which will be equally owned by the private equity real estate investment firm and the Thai group, will target investment opportunities in retail, office and commercial mixed-use projects in China's first-tier and upper-second-tier cities, according to the news platform.

A GoHigh spokesperson told Mingtiandi that the company could not disclose at the moment any details regarding the initial pipeline for the fund.

As of Jan. 9, US$1 was equivalent to 6.93 yuan.