BINHAI TEDA Logistics, in conjunction with Bozheng Capital and others, established a fund of 61 million yuan, contributing 30 million yuan for a 49.18% stake
BINHAI TEDA Logistics announced a collaboration with Bozheng Capital and others to establish a fund of 61 million yuan, with the company's contribution amounting to 30 million yuan, accounting for 49.18%. The fund aims to identify and invest in projects with development potential while monitoring industry trends to address the challenges faced by traditional logistics businesses. The fund partnership agreement will be signed after approval at the shareholders' special meeting
According to the announcement from Dolphin Research, BINHAI TEDA (08348) stated that on June 20, 2025 (after trading hours), it has resolved to propose that the company enter into a partnership agreement for the establishment of a fund with Bozheng Capital, TEDA Private Equity, and TEDA International, with an initial proposed scale of RMB 61 million. The company's proposed capital contribution is RMB 30 million, accounting for 49.18% of the total committed capital of the fund. The fund partnership agreement will be signed on the same day as the special general meeting of shareholders, pending approval of the relevant resolutions by independent shareholders at the special general meeting.
The announcement stated that when deciding to establish the fund, the company prudently considered the financial performance of the group's traditional logistics business in recent years, price pressures arising from clients' cost-saving measures, reduced demand, intense industry competition, and significant challenges facing the company's development. In addition to obtaining reasonable investment returns, the establishment of the fund aims to discover and invest in projects with strong development potential, and to enhance the group's understanding of the projects by collecting project data and other relevant information. It also aims to monitor industry trends, deepen the company's understanding of the projects and the entire industry, and lay the foundation for potential acquisition matters in the future
