SZNH plans to subscribe for a capital contribution of 135 million yuan to acquire a 9% LP share of Yuxin Fund
SZNH announced that its wholly-owned subsidiary intends to subscribe for a capital contribution of 135 million yuan to acquire a 9% LP share of YuXin Fund. In this transaction, 6.66 million yuan is the price for the already paid-in share, and 128.34 million yuan is the remaining subscribed capital contribution amount. This move helps maintain the company's indirect equity ratio in the fund to be transferred and expands the reach of quality projects by investing in other industry sub-funds through YuXin Fund, enriching the project reserve and aligning with the interests of all shareholders
According to the announcement from Suzhou High-tech (600736.SH), its wholly-owned subsidiary Suzhou High-tech Investment Management Co., Ltd. (hereinafter referred to as "Investment Management Company") plans to subscribe for a capital contribution of 135 million yuan to acquire a 9% LP share of the Yuxin Fund held by Suzhou Jinhesheng Holdings Co., Ltd. (hereinafter referred to as "Suzhou High-tech Jin Kong"); of which, 6.66 million yuan is for the acquisition of the already paid-in share price of Suzhou High-tech Jin Kong, and 128.34 million yuan is for the remaining subscribed capital contribution to the Yuxin Fund.
The company holds 14.97% of Suzhou High-tech Venture Capital. After Suzhou High-tech Venture Capital transfers its existing equity fund shares to the Yuxin Fund, the fund rights that the company indirectly holds through Suzhou High-tech Venture Capital will be diluted; the company allows Suzhou High-tech Jin Kong to hold the Yuxin Fund shares, and through the Yuxin Fund indirectly holds the proposed transferred fund shares, which is beneficial to maintain the indirect equity ratio in the proposed transferred fund. At the same time, investing in other industry sub-funds through the Yuxin Fund is conducive to expanding the company's access to high-quality projects, enriching the project reserves, and aligning with the interests of all shareholders
