On November 19, Glonghui reported that shanghai sinotec (603121.SH) announced that on November 18, 2024, the company signed the Partnership Agreement for Wuxi Shengrui Venture Capital Partnership (Limited Partnership) with shanghai yicun private equity fund management Co., Ltd. (hereinafter referred to as "yicun private equity") and other partners, the company plans to use its own funds to participate in the establishment of the fund, mainly investing in cutting-edge technology and intelligent manufacturing industries.
The total subscribed capital of the fund is 176 million yuan, contributed by all partners, and can be raised through multiple closings. The fund manager can subsequently increase the target fundraising scale of the partnership to 500 million yuan. Currently, the fund will first conduct an initial closing, with the four founding partners collectively subscribing a total of 176 million yuan, of which the company intends to contribute 120 million yuan as a limited partner, accounting for 68.18% of the total subscribed capital. Wuxi yicun junqing investment partnership (limited partnership) (referred to as "yicun capital") intends to contribute 50 million yuan as a limited partner, accounting for 28.42% of the total subscribed capital, while yicun shangzhenyuan (Wuxi) industrial investment Co., Ltd. (referred to as "shangzhenyuan") intends to contribute 3 million yuan as a general partner, accounting for 1.70% of the total subscribed capital. yicun private equity, serving as the fund manager, intends to contribute 3 million yuan as a general partner and serve as the executive partner and fund manager, accounting for 1.70% of the total subscribed capital.
