Platform to provide US funds for SMEs

New York-based Thor Partners LP is setting up a platform with a partner in China to help Chinese small and medium-sized companies list in the United States, according to executives of both firms.

Thor and Suzhou Industrial Park Kaida Venture Capital Co Ltd, based in Jiangsu province, announced on Monday in Beijing that they are acquiring an equity exchange in the US that will focus on Chinese SMEs.

Details are to be announced after transaction is completed.