Dazhong Transportation Plans to Invest 50 Million Yuan in Private Equity Fund

Corporate Action

โดย CLS·Read original

Summary · why it matters

Dazhong Transportation announced that it has signed a partnership agreement with Dazhong Public Utilities and Beijing Lvdong to jointly establish Wuxi Lvyao Venture Capital Partnership. The total committed capital of Wuxi Lvyao is 201 million yuan, of which the company, as a limited partner, will contribute 50 million yuan, representing a 24.88 percent stake. This transaction constitutes a related-party transaction because Dazhong Public Utilities is the controlling shareholder of the company.

Dazhong Transportation Group Co Ltd A ±

Dazhong Transportation Group Co Ltd B ±

Shanghai DaZhong Public Utilities Group Co Ltd ±

Impact on stocks 3

Others▲ · 3 stocks

Dazhong Transportation Group Co Ltd A

± MixedCapitalrelevance

Company invests 50 million yuan in a private equity fund as a limited partner; impact depends on fund performance.

Dazhong Transportation Group Co Ltd B

± MixedCapitalrelevance

Same company as index 0 (B-share), investment of 50 million yuan in the fund.

Shanghai DaZhong Public Utilities Group Co Ltd

± MixedCapitalrelevance

Dazhong Public Utilities is the controlling shareholder and a co-investor in the fund, but no direct financial impact detailed.

Off-coverage companies 1

北京律动Private± Mixed

Capitalrelevance

Beijing Lvdong is a co-investor in the fund; no details on its stake or financials.