HUICHENG INTL H plans to invest 50 million yuan to establish a partnership
HUICHENG INTL H announced that it will invest 50 million yuan to jointly establish a partnership with Guangdong Yida and Zhuhai Xinsure, with a total capital of 52 million yuan. This move aims to create favorable conditions for the group's business transformation, development, and diversification. The board believes it will gain access to industries and enterprises with growth potential in the future
According to the Zhitong Finance APP, Huicheng International Holdings (01146) announced that on June 11, 2025 (after trading hours), Guangdong Junrui, an indirect wholly-owned subsidiary of the company, signed a "Partnership Agreement" to establish a partnership with Guangdong Yida (as General Partner 1) and Zhuhai Xinsure (as General Partner 2). The total capital contribution from all partners to the partnership will be RMB 52 million, with Guangdong Junrui, Guangdong Yida, and Zhuhai Xinsure contributing RMB 50 million, RMB 1 million, and RMB 1 million, respectively.
The Board of Directors firmly believes that the establishment of the partnership will provide the Group with opportunities to access industries and enterprises with future growth points, thereby creating favorable conditions for the Group's business transformation, development, and diversification
