Hong Kong: Hong Kong-listed Honghua Group announced that its wholly-owned subsidiary, Sichuan Honghua Petroleum Equipment, has committed to make an investment of $150m in Sino-Mex Energy Fund through interests subscription and become a limited partner of the fund.
Sino-Mex Energy Fund is a special limited partnership established in Luxembourg. The total capital commitments of the fund are $5bn and the first phase will be $1bn. The fund will mainly invest in energy infrastructure projects and exploration and production of oil and natural gas in Mexico.
Honghua said the gradual implementation of Mexico’s energy reform will bring a wide range of investment opportunities and project opportunities, which is beneficial for the company to obtain procurement orders of both onshore and offshore oil and gas equipment. [17/11/14]