On October 23, Ge Longhui Co., Ltd. (300673.SZ) announced that in order to accurately and efficiently grasp the development opportunities of the Chinese pet industry and continue to deepen the company's investment layout in the pet industry using the professional resources of professional investment institutions and their advantages in investment management and project operation, without affecting the company's daily operations and development and effectively controlling investment risks, Petty Animal Nutrition Technology Co., Ltd. as a limited partner invested RMB 0.12 billion with its own capital to subscribe to Pingyang County Xiaoman Venture Capital Partnership (limited partnership) (hereinafter referred to as the abbreviation) Target fund) 40% fund share. On October 23, 2024, the company signed and completed the “Pingyang County Xiaoman Venture Capital Partnership (Limited Partnership) Partnership Agreement” with the target fund, executive partner and other investors on this investment.
The target fund will mainly focus on investing in high-quality pet industry enterprises in the growing and mature stages, including but not limited to the fields of pet food, pet medicine and pharmaceuticals, pet supplies, and pet services. While focusing on investment in the pet industry, the target fund will also aim to find high-quality enterprise standards in the pet industry to invest in nationwide, and actively promote joint ventures between international pet brands in China.
