L&K plans to invest 20 million yuan in the Lianhe Phase IV Fund to layout the integrated circuit and advanced manufacturing industry chain
L&K announced that it will invest 20 million yuan of its own funds into the Xiamen Lianhe Phase IV Integrated Circuit Industry Venture Capital Fund as a limited partner. The fund focuses on semiconductors, ICT, new materials, and other advanced manufacturing industries, with a target fundraising scale of 500 million yuan and a duration of 5+2+2 years. This move will help the company in its layout within the integrated circuit and advanced manufacturing industry chain and obtain financial returns
According to the announcement from A&K Integrated (603929.SH), based on strategic development planning and industrial layout needs, the company intends to invest RMB 20 million as a limited partner using its own funds to participate in the Xiamen Lianhe Phase IV Integrated Circuit Industry Venture Capital Fund Partnership (Limited Partnership) (referred to as "Lianhe Phase IV Fund"). This fund primarily invests in the semiconductor industry, ICT industry, new materials industry, and other advanced manufacturing sectors, with a target fundraising scale of RMB 500 million and a duration of [5+2+2] years (5 years for the investment period, 2 years for the exit period, with a possible extension of 2 years).
This investment will help the company layout the integrated circuit and advanced manufacturing industry chain, obtain financial returns, and since it uses its own funds, it will not affect normal operations
