Sunwoda's subsidiary enters joint investment for green energy fund

Shenzhen-listed Sunwoda Electronic (SZSE:300207) announced that its wholly-owned subsidiary, Shenzhen Qianhai Hongsheng Venture Capital Services, will participate in a joint investment in the Qingdao Xinghang New Energy Venture Capital Fund. The fund, with a total committed capital of CNY 54.1 million, will focus on investments in green energy and related sectors, primarily targeting private equity investments in unlisted companies. Qianhai Hongsheng will contribute CNY 27 million, representing a 49.91% stake. The fund will be managed by Guangdong Xinghang New Creation Private Equity Fund Management. The initiative aims to enhance Sunwoda's competitiveness and investment returns within the industry. The investment will be funded from Sunwoda's own capital.