Biwin Storage Subsidiary to Invest RMB 100 Million in Industrial Fund

Stock News05-26

Biwin Storage Technology Co.,Ltd. (688525.SH) announced that its wholly-owned subsidiary, Hainan Nanbaisuan Technology Co., Ltd., intends to invest RMB 100 million as a limited partner using its own or raised funds. The investment will be made jointly with Dongguan Chengluo Investment Consulting Partnership (Limited Partnership), the private equity fund Dongguan Songshan Lake Industry Investment Mother Fund Partnership (Limited Partnership), and other social capital to establish the Dongguan Luoyi Baichen No. 1 Industry Private Equity Investment Fund Partnership (Limited Partnership) (provisional name, referred to as the "Industrial Fund"). This Industrial Fund will closely align with the company's technological and market strategy in the storage and advanced packaging sectors. The total fundraising target for the Industrial Fund is no more than RMB 500 million, with the wholly-owned subsidiary committing RMB 100 million, representing a 20% stake.

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