Qinshang Optoelectronics (002638) announced on the evening of July 23 that the company recently signed a framework agreement with Guangzheng Venture Capital to jointly establish a Guangzheng Dijin M&A Fund. The company plans to set up Shenzhen Qianhai Guangzhen Qinshang Investment Management Co., Ltd. with its own capital of 4 million yuan and Guangxu Venture Capital, the company's senior management team and the company's designated third-party cooperation agency. Then the company invested 550 million yuan with its own funds and jointly invested by Guangzheng Venture Capital and Guangzheng Qin to initiate the establishment of an industrial M&A fund.
The total investment of the M&A fund is 5 billion yuan, and the initial phase is 600 million yuan. In principle, the M&A fund does not engage in direct project investment, but rather targets specific investment projects and initiates the establishment of a special investment sub-fund with Guangxu Qin. The M&A Fund and GZP jointly initiated the establishment of one or more industrial M&A sub-funds with high-quality enterprises in the field of diligent optoelectronics related industries or emerging industries. In the sub-funds, the M&A fund contributed 20%. -50%, the rest of the funds are raised to the society to achieve 2-5 times the leverage to incite social capital, and leverage the leverage effect of the M&A fund. The Sub-Fund is mainly engaged in the energy-saving and environmental protection industry, the LED industry, the smart home industry and the outstanding enterprises of the emerging industries recognized by both parties.
The company said that this time to participate in the establishment of the Guangzheng Qinshang and related industry M&A funds, the purpose is to cooperate with the company to conduct mergers and acquisitions and industrial integration, continuously improve the industrial layout, promote strategic development, consolidate the company's position and enhance comprehensive competitiveness.
The company's stock will resume trading on July 24.
The total investment of the M&A fund is 5 billion yuan, and the initial phase is 600 million yuan. In principle, the M&A fund does not engage in direct project investment, but rather targets specific investment projects and initiates the establishment of a special investment sub-fund with Guangxu Qin. The M&A Fund and GZP jointly initiated the establishment of one or more industrial M&A sub-funds with high-quality enterprises in the field of diligent optoelectronics related industries or emerging industries. In the sub-funds, the M&A fund contributed 20%. -50%, the rest of the funds are raised to the society to achieve 2-5 times the leverage to incite social capital, and leverage the leverage effect of the M&A fund. The Sub-Fund is mainly engaged in the energy-saving and environmental protection industry, the LED industry, the smart home industry and the outstanding enterprises of the emerging industries recognized by both parties.
The company said that this time to participate in the establishment of the Guangzheng Qinshang and related industry M&A funds, the purpose is to cooperate with the company to conduct mergers and acquisitions and industrial integration, continuously improve the industrial layout, promote strategic development, consolidate the company's position and enhance comprehensive competitiveness.
The company's stock will resume trading on July 24.
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