SZ-listed Kan ties up with Xiamen local authority to launch $141m digital fund

SZ-listed Kan ties up with Xiamen local authority to launch $141m digital fund

Hangzhou, Zhejiang, China. Photo: Naitian (Tony) Wang/unsplash

Chinese specialty paper manufacturer Zhejiang Kan Specialities Material Co., Ltd. has entered into an agreement with People’s Government of Xiang’An Xiamen to launch a digital fund with a debut size of 1 billion yuan ($141 million), according to a filing with the Shenzhen Stock Exchange.