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According to Orekin's announcement, Hubei Orikin, a wholly-owned subsidiary of the company, plans to jointly invest with CITIC Jinshi, Tsing Beer Group, China Cultural Investment, and Jinshi Runze to establish a Qingdao Jinshi Culture and Technology Investment Fund partnership with 100 million yuan of its own capital. The fund raised a scale of 1 billion yuan. Hubei Origen holds a 10% partnership share, focusing on new consumption, intelligent manufacturing and other industries. The investment has been reviewed by the company's general manager's office and approved by the chairman. There is no need to submit it to the board of directors or shareholders' meeting for review, and it does not constitute a related transaction or major asset restructuring. However, there is uncertainty about fund establishment, fund-raising, and investment returns.
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According to Orekin's announcement, Hubei Orikin, a wholly-owned subsidiary of the company, plans to jointly invest with CITIC Jinshi, Tsing Beer Group, China Cultural Investment, and Jinshi Runze to establish a Qingdao Jinshi Culture and Technology Investment Fund partnership with 100 million yuan of its own capital. The fund raised a scale of 1 billion yuan. Hubei Origen holds a 10% partnership share, focusing on new consumption, intelligent manufacturing and other industries. The investment has been reviewed by the company's general manager's office and approved by the chairman. There is no need to submit it to the board of directors or shareholders' meeting for review, and it does not constitute a related transaction or major asset restructuring. However, there is uncertainty about fund establishment, fund-raising, and investment returns.
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