---
title: "WEDGE CORPORATION plans to jointly invest with Qingdao Honghua to establish an industrial merger and acquisition fund"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225040335.md"
description: "WEDGE CORPORATION and Qingdao Honghua jointly invested to establish an industrial merger and acquisition fund, with a total subscribed capital of 1 billion yuan. WEDGE CORPORATION, as a limited partner, subscribed 500 million yuan, accounting for 50%; Qingdao Honghua, as a general partner, subscribed 1 million yuan, accounting for 0.1%; its designated investment entity subscribed 499 million yuan, accounting for 49.9%. This move aims to leverage the professional capabilities of all parties, achieve capital appreciation, enhance the company's overall competitiveness, assist in expanding the industrial chain, improve business levels, and create more value for the company and its shareholders"
datetime: "2025-01-15T11:19:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225040335.md)
  - [en](https://longbridge.com/en/news/225040335.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225040335.md)
generator: "portal-rs"
---

# WEDGE CORPORATION plans to jointly invest with Qingdao Honghua to establish an industrial merger and acquisition fund

According to the Zhitong Finance APP, WEDGE CORPORATION (000534.SZ) announced that in order to fully leverage the company's technological advantages in the aviation engine and gas turbine (hereinafter referred to as "the two machines") industry, achieve the capability to expand the industrial chain, enhance business levels, and improve operating performance, the company plans to sign a cooperation agreement with Qingdao Honghua Private Equity Fund Management Co., Ltd. (hereinafter referred to as "Qingdao Honghua") regarding the establishment of an industrial merger and acquisition fund, and jointly invest in the establishment of the fund.

The total subscribed capital of the merger and acquisition fund is 1 billion yuan, of which the company, as a limited partner, subscribes 500 million yuan, accounting for 50.00% of the total subscribed capital of the partnership; Qingdao Honghua, as the general partner, subscribes a total of 1 million yuan, accounting for 0.10% of the total subscribed capital of the partnership; the designated investment entity of Qingdao Honghua subscribes a total of 499 million yuan, accounting for 49.90% of the total subscribed capital of the partnership.

This joint investment in the establishment of the fund with professional institutions can fully utilize the professional capabilities and resource advantages of all parties, achieve capital appreciation through project investments, serve the company's long-term strategic development goals, and enhance the company's overall competitiveness. At the same time, through the company's control over the proposed merger and acquisition investment assets, it can help the company achieve the capability to expand the industrial chain, enhance business levels, improve operating performance, and create more value for the company and its shareholders

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**