GCL Energy Technology's Subsidiary to Invest 167 Million Yuan in Partnership Fund

Stock News06-26

Gcl Energy Technology Co.,Ltd. (ASX: 002015) has announced that its wholly-owned subsidiary, GCL Smart Energy (Suzhou) Co., Ltd., plans to invest 167 million yuan in its own capital to jointly establish the Xuancheng Anyuan Strategic Emerging Industry Equity Investment Fund Partnership (Limited Partnership) with Anhui Anyuan Investment Fund Management Co., Ltd. and other entities.

The partnership fund has a targeted fundraising scale of 10 billion yuan and will primarily invest in strategic emerging industries. GCL Smart Energy will hold a 16.667% partnership interest in the fund.

The objective of this investment is to leverage the advantages of a professional management team and project resources. By investing in companies with strong growth potential and promising prospects, the company aims to achieve capital appreciation gains. This move is intended to support the company's sustainable development and create mutual benefits for all investors involved.

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