Saic Motor Corporation Limited (600104.SH) announced that to deepen innovation-driven transformation and continuously enhance its strategic positioning in emerging automotive sectors, its wholly-owned subsidiary, Saic Financial, intends to jointly establish Ningbo Yongyuan Junsheng Equity Investment Partnership (Limited Partnership) with Zhejiang Caitong, Ningbo Yongyuan, Yuyao Shunxin, Guotai Junan Zhengyu, Shanghai Hengyihao, and Hengxu Capital. The fund will focus on fostering new productive forces, primarily targeting the smart electric vehicle ecosystem and related high-tech manufacturing sectors. The initial subscribed capital of the fund is 1.09 billion yuan, with Saic Financial contributing 270 million yuan as a limited partner, holding a 24.8% stake.
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Saic Motor Corporation Limited (600104.SH) Subsidiary Plans to Invest 270 Million Yuan in Fund
Stock News2025-12-01
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