SJA plans to invest 240 million yuan to participate in the establishment of the Shenyang Automotive Industry Investment Fund
SJA announced that it will invest 240 million yuan to participate in the establishment of the Shenyang Automotive Industry Investment Fund, aiming to seize the development opportunities of electrification, intelligence, and low carbonization in the automotive industry, and enhance industrial strength and core competitiveness. This investment will jointly sign a partnership agreement with multiple partners, leveraging professional institutional resources to layout emerging projects, reduce investment risks, and is expected to bring long-term sustainable development benefits to the company
According to the Zhitong Finance APP, SJA (600609.SH) announced that in order to fully seize the current opportunities for electrification, intelligence, and low-carbon development in the automotive industry, and to layout and reserve high-quality target resources in the automotive and related industrial chains to enhance industrial strength and core competitiveness while obtaining investment returns, as well as to strengthen cooperation with strategic customers such as BMW and other partners, the company plans to participate as a limited partner with its own funds of 240 million yuan to establish the Shenyang Automotive Industry Investment Fund Partnership (Limited Partnership) (tentative name, subject to registration by the market supervision and administration department, hereinafter referred to as the "Investment Fund"). The company intends to jointly sign the "Partnership Agreement of Shenyang Automotive Industry Investment Fund Partnership (Limited Partnership)" with Yueke Mother Fund, Shenyang Automotive New Wisdom, BMW China, Shenhua Holdings, Shenyang Automotive Shengyu, and Liaoyue Fund.
The main purpose of the company's participation in establishing the Investment Fund is to fully grasp the current opportunities for electrification, intelligence, and low-carbon development in the automotive industry, to layout and reserve high-quality target resources in the automotive and related industrial chains to enhance industrial strength and core competitiveness while obtaining investment returns, and to strengthen cooperation with strategic customers such as BMW and other partners. By leveraging the resource advantages of professional institutions and relevant partners to layout forward-looking emerging projects, while establishing risk isolation to reduce investment risks. This investment will allow the company to participate in the distribution of fund investment returns while having the opportunity to obtain high-quality project resources at a lower selection cost. The amount of the company's participation in this external investment is moderate, and future returns are promising, which is beneficial for the company's long-term sustainable development
