VPower Group International Holdings Limited (“VPower Group” or the “Group”, stock code: 1608.HK), a leading DPG station owner and operator in Southeast Asia, is pleased to announce that the Group is going to partner with CITIC Pacific Limited (“CITIC Pacific”), a wholly owned subsidiary of CITIC Limited (stock code: 267.HK), to establish an investment fund – Tamar VPower Energy Fund I (the “Fund”).
The Fund, with an initial capital of USD 160 million to be equally contributed by the Group and CITIC Pacific, will seek long-term capital appreciation by way of investments in companies or operating projects in the energy