Suzhou New District Hi-Tech Industrial Invests 15 Million Yuan in Biopharma Fund

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Suzhou New District Hi-Tech Industrial (SHA:600736) subsidiary Suzhou High-Tech Investment Management will invest 15 million yuan as a limited partner to Rongsheng Baipu Venture Capital Partnership, according to a Thursday filing with the Shanghai bourse..

The fund, which targets a size of between 500 million yuan and 800 million yuan, focuses on unlisted enterprises in life science tools, biopharmaceuticals, medical devices and biomanufacturing.

Shares of the industrial park operator were down 2% Thursday.

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