Taiji Industry invests in Juyuan Qixin equity fund
Wuxi Taiji Industry (SSE:600667) announced its participation in establishing the Juyuan Qixin Equity Investment Fund (Wuxi) Partnership (Limited Partnership). The fund, with a total planned subscription of CNY 800 million, will focus on investments in semiconductors, artificial intelligence, new materials, and advanced manufacturing. Taiji Industry will contribute CNY 72 million as a limited partner, representing 9% of the total subscribed capital. The fund will be managed by Sino IC Capital Management (Shanghai) Co., Ltd. Other partners include Sino IC Prosperity Investment (Ningbo) Co., Ltd., Wuxi Venture Capital Group Co., Ltd., and other investment entities. The partnership term is 12 years, with a possible extension of 2 years. The investment constitutes a related transaction as Wuxi Venture Capital is a subsidiary of Wuxi Industry Development Group, the parent of Taiji Industry. The investment has been approved by the board and does not require shareholder approval.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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