Zhitong Finance App News, Tunnel Co., Ltd. (600820.SH) issued an announcement to optimize the technological innovation layout of the entire urban infrastructure industry chain and give full play to the synergy between industrial capital and professional investment. Recently, the company's subsidiaries are Shanghai Urban Construction Equity Investment Fund Management Co., Ltd., Shanghai Urban Construction Investment and Development Co., Ltd., Shanghai Tunnel Engineering Co., Ltd., Shanghai Urban Construction Design and Research Institute (Group) Co., Ltd., Shanghai Urban Construction City Operation (Group) Co., Ltd., Shanghai Energy Construction Group Co., Ltd., Shanghai Jianyuan Cloud Chain Technology Co., Ltd., Shanghai Urban Environment Group Co., Ltd. Co., Ltd. signed an agreement with Hangzhou Xiaoshan Environmental Investment and Development Co., Ltd. and Xuzhou Xugong Industrial Investment Partnership (Limited Partnership) to jointly invest in the establishment of the Shanghai Tunnel Innovation Private Equity Fund Partnership (Limited Partnership). The fund mainly invests in enterprises in the fields of smart infrastructure operation, digital infrastructure, green and low carbon, intelligent construction equipment, urban renewal, ecology and environmental protection.
The total pledged investment of the fund is 500 million yuan, and the total pledged investment of the company's subsidiaries is 300 million yuan, accounting for 60% of the total pledged investment of the fund. In addition, the two professional investment institutions pledged a total of 200 million yuan, accounting for 40% of the total amount pledged by the fund. Specifically, Hangzhou Xiaoshan Environmental Investment and Development Co., Ltd. (“Xiaoshan Huanfa”) pledged 100 million yuan as a limited partner; Xuzhou Xugong Industrial Investment Partnership (limited partnership) (“Xuzhou Industrial Investment”) pledged 100 million yuan as a limited partner.