Nyocor Company Limited to Invest 450 Million Yuan in Strategic Emerging Industry Fund

Stock News07-22

Nyocor Company Limited (ASX: 600821) has announced plans to co-establish a strategic emerging industry investment fund. The company intends to form a partnership with Tianjin Jinrong Guosheng Equity Investment Fund Management Co., Ltd. and Tianjin Guoxin No.1 Industrial Development Mother Fund Partnership (Limited Partnership).

The fund, tentatively named Tianjin Guoxin Jinkai Strategic Emerging Industry Investment Fund Partnership (Limited Partnership), will have a total subscribed capital of 501 million yuan. Nyocor Company Limited (ASX: 600821) will contribute 450 million yuan in cash, representing an 89.82% stake in the fund.

The investment focus of the fund will be on the upstream and downstream sectors of the new energy industry, next-generation information technologies such as artificial intelligence and intelligent computing centers, and other emerging and future industries aligned with key municipal industrial plans and the core business areas of the Jinrong Group.

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