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Shanghai Tunnel Engineering Raises Stake in 1 Billion Yuan Equity Fund to 85%
Shanghai Tunnel Engineering (600820.SH): Shanghai Shentong Metro and Aichao Investment have exited the Jianyuan Phase I Fund through a reduction in capital and withdrawal of partnership.
On September 13, 2024, Shanghai Tunnel Engineering (600820.SH) announced that the 31st meeting of the 10th Board of Directors of Shanghai Tunnel Engineering approved the resolution on the partial withdrawal of partners from Shanghai Jianyuan Private Equity Investment Fund Partnership Enterprise (Limited Partnership). As the investment period of the Jianyuan Phase I Fund has ended, partners can request withdrawal based on their own operational needs. The company agrees for Shanghai Shentong Metro and Ai Chao Investment to withdraw from the Jianyuan Phase I Fund through a capital reduction and withdrawal method. Shanghai Shentong Metro and Ai Chao Investment have already received all investment returns as agreed upon in previous profit distributions. This withdrawal matter.
A Look At The Intrinsic Value Of Shanghai Tunnel Engineering Co., Ltd. (SHSE:600820)
Shanghai Tunnel Engineering's Profit, Operating Income Rise in H1; Shares Down 3%
Shanghai Tunnel Engineering Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Shanghai Tunnel Engineering Co., Ltd.
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