China's Fortune Link ties up with Korea's KDB Daewoo

Fortune Link Fund Management Co. and KDB Daewoo Securities Co. has signed a deal to team up in the Chinese private equity market.

"We believe that cooperation between the two firms will play a tremendous role of promoting bilateral private equity investments, especially in small and mid-sized enterprises both in China and South Korea," said Fortune Link Fund Management.

Shenzhen-based Fortune Link Fund Management, set up in 2005, has branches across China in cities such as Shanghai, Anhui, Hebei, Foshan, Heilongjiang and Suzhou.

The fund management firm established by Kan Zhidong, known as a pioneer in China's venture capital industry, has invested in a number of companies that were or are expected to be listed on stock markets in mainland China and Hong Kong.

For more.

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