21 February 2020

China Fortune taps Legend Capital as key investor, HKEJ says

Diamond seller China Fortune Investments (Holding) Ltd. (08116.HK) said it has signed a memorandum of understanding with Legend Capital Management Ltd., a venture capital fund established by Legend Holdings Ltd., the parent of Lenovo Group Ltd. (00992.HK), to introduce the fund as a strategic investor, the Hong Kong Economic Journal reported Wednesday. Legend Capital was established in 2001 and had invested in 170 companies as of November 2012. China Fortune also seeks to work with Lenovo in selling diamonds through online platforms, the report said.

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