TITAN SCIENTIFIC plans to invest CNY 29 million to subscribe to the seventh phase of the Relay Fund
TITAN SCIENTIFIC announced that it will invest 29 million yuan to subscribe for the seventh phase of the Relay Fund, aiming to promote the company's strategic development and business expansion. By collaborating with professional investment institutions, TITAN SCIENTIFIC hopes to optimize its industrial layout, acquire industry resources and technical support, and drive future strategic investments and mergers and acquisitions to facilitate business development and ecosystem construction. The Relay Fund primarily invests in early-stage technology startups in areas such as new materials and scientific services
Zhitong Finance APP news, TITAN SCIENTIFIC (688133.SH) announced that in order to promote the company's strategic development and further expand its business areas, leveraging the investment experience and capital advantages of professional investment institutions, to optimize and improve the company's industrial layout, provide better industry resources, technical support, and investment target selection for the company's future strategic investments and mergers and acquisitions, and better promote the company's business development, collaborative innovation, and ecological construction, the company plans to invest 29 million yuan as a limited partner in Shanghai Tailijingyuan Venture Capital Partnership (Limited Partnership) (tentative name, subject to the final business registration name. Abbreviated as "Relay Fund Phase VII"), which mainly engages in investments in early-stage technology startups related to new materials, scientific services, and other industries
