On September 26, Glon Hui announced that Min Xin Holdings (00222.HK) entered into a new partnership agreement with Purple Gold Equity Investment (as a general partner), limited partner Purple Gold Investment Shanghai, local industry fund, Fujian Strait Talent, and Fujian Min Xin on September 26, 2024, agreeing to establish a partnership enterprise.
According to the new partnership agreement, Purple Gold Equity Investment (as a general partner), Purple Gold Investment Shanghai (as a limited partner), local industry fund (as a limited partner), Fujian Strait Talent (as a limited partner), and Fujian Min Xin (as a limited partner) respectively contributed RMB 1 million, RMB 98 million, RMB 59 million, RMB 10 million, and RMB 40 million.
The partnership enterprise aims to make equity investments and subsequent capital operations in target investments in new energy, new materials, and smartization fields, bringing good investment returns to all partners and maximizing value. The partnership enterprise will mainly invest in growth or mid-to-late stage projects, while also considering primary and secondary market private placements and strategic allocations. Cornerstone partners will fully leverage their cni resource index to bring quality project resources and introduce related resources from the industry chain. Directors (including independent non-executive directors) believe that the group will benefit from participating in the partnership enterprise, diversifying income, and nurturing growth points for the group's long-term financial performance.
