Lingyi iTech invests 100m yuan in new private equity fund

Lingyi iTech (Guangdong) Company has disclosed its role as a limited partner in the newly formed Guangda Cinda M&A (Anhui) Equity Investment Fund Partnership (Limited Partnership). The fund’s total subscribed capital is 2,065,750,000 yuan, with Lingyi iTech contributing 100,000,000 yuan, representing a 4.84% stake.

The company will not be involved in the investment decisions of the fund, which is managed by Guangda Cinda Equity Investment Management (Tianjin) Company. The fund aims to invest in high-quality targets globally, focusing on AI and new-generation communication technologies, aligning with Lingyi iTech's strategic objectives.

The fund has a total term of eight years, encompassing an investment and exit period. Exit strategies include IPOs, mergers and acquisitions, and private equity transfers. Lingyi iTech clarified that this investment will be made using its own capital and will not impact its normal production and operations. The company assured that it will closely monitor the fund's activities and mitigate potential investment risks.