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Shanghai Sinotec's (SHSE:603121) Earnings Have Declined Over Five Years, Contributing to Shareholders 41% Loss
shanghai sinotec (603121.SH): plans to invest 0.12 billion yuan to establish a fund, primarily focusing on frontier technology and intelligent manufacturing industries.
On November 19th, GeLongHui announced that Shanghai Sinotec (603121.SH) has signed a partnership agreement with Shanghai Yicun Private Equity Fund Management Co., Ltd. (hereinafter referred to as 'Yicun Private Equity') and other partners on November 18, 2024. The company plans to use its own funds to establish a fund, with the main investment direction being in cutting-edge technology and intelligent manufacturing industries. The total subscribed capital of the fund is RMB 176 million, to be contributed by all partners, and can be raised through multiple deliveries. The fund manager may subsequently target the fundraising of the partnership enterprise.
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