Guodong Network Communication Group, a Chinese communications infrastructure and service provider, has raised $150 million from a Middle Eastern country's sovereign wealth fund, the deal's adviser China Renaissance said on Tuesday. The deal comes at a time when Chinese entrepreneurs and investors have sho
Guodong Network Communication Group, a Chinese communications infrastructure and service provider, has raised $150 million from a Middle Eastern country's sovereign wealth fund, the deal's adviser China Renaissance said on Tuesday.
The statement did not identify the sovereign wealth fund. A China Renaissance spokesperson declined to comment, while Guodong didn't immediately respond to a Reuters request to comment.
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