APT ELECTRONICS (02551) Plans to Invest RMB 20 Million in Private Equity Fund

Stock News
Oct 20

APT ELECTRONICS (02551) has announced that as a limited partner, it plans to enter into a partnership agreement to establish a private equity fund named "Ma'anshan Zhongsong Jingchuang Venture Capital Partnership (Limited Partnership)." This will be in collaboration with Dazhong Juding (Shanghai) Private Fund Management Co., Ltd. (as general partner, an independent third party), Dazhong Transportation (Group) Co., Ltd. (listed on the Shanghai Stock Exchange, stock codes: 600611.SH, 900903.SH, also an independent third party), and four other independent third parties (all as limited partners). The total size of the fund will be RMB 150 million, with the group's cash commitment totaling RMB 20 million, representing approximately 13.3333% of the fund's total capital. The company's contributions will be funded from internal resources. It is expected that the fund will not be accounted as a subsidiary of the company once established. According to the partnership agreement, Dazhong Juding (Shanghai) Private Fund Management Co., Ltd. will act as the fund manager. The investment focus of the fund will primarily be on sectors such as semiconductors, artificial intelligence, and automotive electronics. This transaction aligns with the company's long-standing investment strategy, aiming to identify and invest in high-potential targets with strategic synergies to achieve sustainable investment returns. Additionally, it seeks to establish and strengthen strategic partnerships with upstream and downstream enterprises in the industry chain through capital ties. In this transaction, the group can leverage the resources of the fund's professional investment team to effectively control risks associated with mergers, acquisitions, and innovative projects, ensuring the quality of target companies and reserving high-quality strategic project resources to enhance the group's long-term sustainability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10