Shineco Plans Private Equity Fund In Partnership With JTYF

by Shivani Kumaresan, Benzinga Staff Writer

March 18, 2022 1:56 PM | 1 min read |

Shineco Inc SISI has signed a fund establishment cooperation agreement with Beijing Jin Tai Yuan Feng Investment Management Co Ltd (JTYF).
Under the agreement, the parties plan to introduce a life science-focused limited partnership fund in Shandong Province, China.
JTYF currently plans to raise RMB200 million for the fund.
The fund will invest in high-growth projects related to life sciences, digital medicine, tumor diagnosis and treatment, and innovative pharmaceuticals.
The company expects the cooperation plan with JTYF to gradually help it achieve its strategic development plan of Shineco Yikang digital medical care and digital health management.
Price Action: SISI shares are trading higher by 14.6% at $2.90 on the last check Friday.