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Guanghua Co., Ltd. (001333.SZ) plans to participate in the establishment of the Wuxi Qingsong Qianpan Venture Capital Partnership
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Zhitong Finance App News, Guanghua Co., Ltd. (001333.SZ) issued an announcement to further implement the company's strategic development plan, explore upstream and downstream business collaboration and investment opportunities in the industrial chain, accelerate the industrial ecological layout, rely on the resource advantages of professional investment institutions, and achieve an effective combination of industrial collaboration and capital empowerment, the company and Zhejiang Qingsong Investment Management Co., Ltd. (hereinafter referred to as “Qingsong Capital”) and other limited partners signed the “Wuxi Qingsong Qianpan Venture Capital (Limited Partnership) Limited Partnership Agreement” to jointly establish the “Wuxi Qingsong Qianpan Venture Capital Co., Ltd.” partnership). As a limited partner, the company plans to use its own funds to pledge 20 million yuan of investment to the partnership. The pledged investment ratio is 57.13%, accounting for 1.14% of the company's most recent audited net assets, and will not have a significant impact on the company's daily production, operation and financial situation.

The company's current products are mainly aimed at the industrial sector and have the potential to be extended to new coating materials in other fields. To achieve collaborative development of new materials upstream and downstream of the industrial chain, the partnership's proposed investment target is a medical device company in Zhejiang. The main business of this target company focuses on R&D, manufacturing, sales and service of high-performance orthopedic implants and surgical technology systems.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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