Min Xin Holdings (00222) announced that on July 29, 2024, Zijin Equity Investment (as a general partner)...
Mingxin Holdings (00222) announced that on July 29, 2024, Zijin Equity Investment (as a general partner) and limited partners, Zijin Investment Shanghai, local industry funds and Fujian Mingxin (the company's wholly-owned subsidiary), have entered into a partnership agreement, and all parties agree to establish a partnership entity.
According to the partnership agreement, Zijin Equity Investment (as a general partner), Zijin Investment Shanghai (as a limited partner), local industry funds (as a limited partner), and Fujian Mingxin (as a limited partner) will respectively contribute RMB 1 million, RMB 98 million, RMB 59 million, and RMB 40 million.
The business scope of the partnership enterprise Zijin Mining Investment Partnership Enterprise (Limited Partnership) includes but is not limited to equity investment, investment management, and asset management (the scope registered with the industry and commerce registration authority and the China Securities Investment Fund Association shall prevail).
The announcement stated that the partnership enterprise aims to provide good investment returns for all partners and maximize the value of interests through equity investment and subsequent capital operations on target investments in the fields of new energy, new materials, and intelligence, and will mainly invest in growth or mid-to-late-stage projects, while also considering primary and secondary market placements and strategic investments. Anchor partners (Zijin Investment Shanghai and local industry funds) will fully utilize their respective resource advantages to obtain high-quality project resources and investment opportunities related to the industry chain for the partnership enterprise. The directors (including independent non-executive directors) believe that the Group will benefit from participating in the partnership enterprise, achieve income diversification, and cultivate growth points for the Group's long-term financial performance.