Keda Industrial Group (SHA:600499) completed deregistration for Jiaxing Keda Jinhong Salt Lake Industry Equity Investment Fund on Feb. 19, according to a Monday filing with the Shanghai Bourse.
The fund, established in 2022 with a 1.3 billion yuan investment from Keda and its subsidiary Jiangsu Weili, exited its Qinghai Salt Lake investment due to market conditions.
Following liquidation, Keda received 737.8 million yuan. The move aims to optimize resource allocation and focus on core business without impacting 2024 earnings.
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