Investment fund reduction approved for Navigation Technology firm
Guangzhou Hi-Target Navigation Tech has announced a reduction in the size of its industry investment fund, Guangzhou Yuanhe Hui Rui Equity Investment Partnership. The fund's total investment will be lowered from CNY 110 million to CNY 65 million. This decision was reached following the successful exit of some projects from the fund's portfolio, with proceeds being distributed to partners. As a result, the fund size is now being further reduced to CNY 45 million. The decreased capital is expected to improve capital utilization among partners and the company will use it for working capital. Adjustments to the fund's agreement are now underway.
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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