Ideanomics says qingdao city construction investment group signs up to rmb 50 bln fund to finance investments in shandong province

Qingdao city construction investment group limited enters into framework strategic cooperation agreement with sun seven stars investment group limited to raise a fund to finance ev sales in qingdao and shandong province.ideanomics inc - qingdao city construction investment group signs up to rmb 50 billion fund to finance investments in shandong province.ideanomics - ideanomics' meg group will be beneficiary of approximately 20% of new fund which will be allocated to purchasing evs in shandong province.ideanomics - over course of year, sssig's goal is to sign between 3 & 6 similar deals with 20% - 30% of funds being allocated to meg for fleet financing.
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