Hongmian Zhihui Science And Technology Innovation (000523.SZ) announced that the company intends to establish a venture capital fund in conjunction with its controlling shareholder, Guangzhou Light Industry Commodity Trade Group Co., Ltd. ...
According to Zhitong Finance APP, Hongmian Zhihui Science And Technology Innovation (000523.SZ) announced that the company plans to collaborate with its controlling shareholder Guangzhou Light Industry Commodity Trade Group Co., Ltd.'s subsidiary, Guangzhou Xiandai Private Equity Fund Management Co., Ltd. (referred to as "Xiandai Private Equity"), Guangzhou Xiandai Investment Co., Ltd. (referred to as "Xiandai Investment"), and Guangzhou Hutou Battery Group Co., Ltd. (referred to as "Hutou Company") to initiate the establishment of the Guangzhou Suiyue Xing Yi Phase One Venture Capital Fund Partnership (Limited Partnership) (tentatively referred to as "Suiyue Xing Investment Fund"), with a total fund size of 0.3 billion RMB, where Xiandai Private Equity contributes 1 million RMB, Xiandai Investment contributes 99 million RMB, the company contributes 0.1 billion RMB, and Hutou Company contributes 0.1 billion RMB, all parties contributing their own funds. The Suiyue Xing Investment Fund's business scope is venture capital (limited to investing in unlisted companies), engaging in investment activities with self-owned funds.
It is reported that this matter will help accelerate the implementation of the company's future Global Strategy. On one hand, the company can utilize the investment fund platform to layout areas that are related and synergistic with its main business; on the other hand, it is also beneficial for the company to Share potential investment returns and effectively reduce the company's investment risks.
