CIG Shanghai (603083.SH) announced that the company intends to use RMB 5 million raised from its overseas H-share issuance to acquire a 99.99% stake (corresponding to a subscribed capital of RMB 100 million, with RMB 5 million already paid) in Yangzhong Happy Home Venture Capital Partnership (LP) (hereinafter referred to as the "Partnership") held by Chen Lu. Additionally, as a limited partner, the company will increase its subscribed capital by RMB 300 million using funds raised from its overseas H-share issuance.
Upon completion of the transaction, the Partnership's total subscribed capital will be adjusted to RMB 400.01 million, with CIG Shanghai contributing RMB 400 million, representing a 99.9975% stake. The Partnership will be consolidated into the company's financial statements.
This investment, conducted jointly with professional institutions using funds raised from the H-share issuance, aims to leverage the expertise and resources of these institutions in the investment field. It seeks to develop equity investment operations under reasonable risk control to achieve medium-to-long-term returns.
Furthermore, by focusing on enterprises in optical components, chips, and core IC sectors, the move will strengthen CIG Shanghai's control over the upstream and downstream supply chain, enhance its technological capabilities and supply chain resilience, expand downstream market coverage, and amplify market influence. It also diversifies the company's investment portfolio and maximizes strategic and operational synergies, aligning with its long-term development strategy and fund utilization plan.
Comments