Expanding Investment Channels: Yangtze Optical Fibre Subsidiaries Everprox and Changfei Capital to Invest in Shanghai M&A Fund III

Stock News12-14 17:30

Yangtze Optical Fibre And Cable Joint Stock Limited Company (601869.SH) announced that its subsidiaries, Wuhan Changfei Capital Management Co., Ltd. ("Changfei Capital") and Everprox Technologies Co.,Ltd. ("Everprox"), intend to participate as limited partners in the establishment of Shanghai M&A Fund III. The total subscription amount for all partners of Shanghai M&A Fund III is RMB 830 million, with Changfei Capital contributing RMB 60 million and Everprox investing RMB 40 million.

The fund will primarily focus on equity investment opportunities in mergers and acquisitions within industries supported by national policies, including advanced manufacturing, integrated circuits, new materials, new energy, and information technology.

By investing in Shanghai M&A Fund III, Changfei Capital and Everprox aim to leverage the resources and expertise of professional investment institutions in the equity investment sector, thereby diversifying investment channels and strengthening the company's market position.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment