Tongyu Communication to Invest 199 Million in Venture Capital Fund for New Quality Productive Forces

Stock News07-22

Tongyu Communication Inc. (002792.SZ) has announced plans to participate in the establishment of a venture capital fund.

The company stated it recently signed a partnership agreement with Anhui Guoxin Venture Capital Co., Ltd. to jointly establish the Chuzhou New Quality Productive Forces Venture Capital Partnership (Limited Partnership).

Tongyu Communication Inc. will act as a limited partner, committing 199 million yuan of its own capital to the fund.

The company's objective in partnering with a professional investment institution is to leverage its expertise and resources.

This move is intended to explore new opportunities for industrial upgrading in alignment with industry trends and the company's strategic direction.

The investment is expected to optimize the company's investment portfolio while ensuring the stable development of its core business.

It aims to enhance returns on capital investments and improve overall asset management capabilities, thereby supporting the company's long-term growth.

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