Jiangfeng Electronics subsidiary invests 417 million yuan in semiconductor partnership
Jiangfeng Electronics announced on September 22 that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin, will co-establish a limited partnership with related parties and professional investment institutions. The partnership, tentatively named Ningbo Yongguang Tongxing Project Management Partnership, has a planned total capital of 600 million yuan. Jiangfeng Boxin will contribute 417 million yuan (69.50% stake) from self-raised funds. The partnership will invest in key segments of the semiconductor industry chain that have synergies with Jiangfeng Electronics' main business.
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Jiangfeng Electronics Subsidiary to Co-Invest in Partnership for Semiconductor Expansion
Jiangfeng Electronics (Ningbo Jiangfeng Electronic Materials Co., Ltd.) announced on September 23 that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin Technology Co., Ltd., will jointly establish a limited partnership with related parties and professional investment institutions. The partnership, tentatively named Ningbo Yongguang Tongxing Project Management Partnership (Limited Partnership), has a total planned capital of 600 million yuan. Jiangfeng Boxin will contribute 417 million yuan (69.50% stake) from self-raised funds. Other partners include Ningbo Rongchuang Gongxin Investment Partnership, Jiangfeng Tongchuang Technology Group, individuals Bian Yijun, Yu Yongqun, Zou Junwei, and investment vehicles Beijing Zhumeng Tongxing No. 1 and Ningbo Zhumeng Tongxing No. 2. The company stated that this move aligns with its strategic development plan to expand investment channels, optimize its industrial layout in the semiconductor sector, and explore high-quality projects and business cooperation opportunities in upstream and downstream semiconductor fields. Jiangfeng Electronics believes that successful operations of the target company will enhance its comprehensive strength and core competitiveness, promoting healthy and sustainable development.
Jiangfeng Electronics Subsidiary Plans 417 Million Yuan Investment in Semiconductor Industry Partnership
Jiangfeng Electronics (300666.SZ) announced that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin Technology Co., Ltd., plans to invest 417 million yuan of self-raised funds to participate in the establishment of a partnership, Ningbo Yongguang Tongxing Project Management Partnership (Limited Partnership). The total capital of the partnership is tentatively set at 600 million yuan, with the subsidiary holding a 69.50% stake. The partnership will also include the company's related party, Ningbo Rongchuang Gongxin Investment Partnership (Limited Partnership). The investment aims to leverage the company's core business and seize opportunities in the rapidly developing domestic semiconductor industry, targeting key segments of the semiconductor supply chain that have synergies with the company's main operations.
Read sourceJiangfeng Electronics Subsidiary to Invest 417 Million Yuan in Semiconductor Partnership
Jiangfeng Electronics (300666) announced on September 22 that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin, will co-establish a partnership called Ningbo Yongguang Tongxing Project Management Partnership (Limited Partnership) with a related party and a professional investment institution. The partnership's total capital is tentatively set at 600 million yuan, with Jiangfeng Boxin contributing 417 million yuan (69.50%) from self-raised funds. The partnership will invest in key segments of the semiconductor industry chain that have synergies with Jiangfeng Electronics' main business. The announcement was reported by People's Financial News on September 22.
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Jiangfeng Electronics Subsidiary to Invest in Semiconductor Partnership
On September 22, Ningbo Jiangfeng Electronic Materials Co., Ltd. (stock code: 300666.SZ) announced that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin Technology Co., Ltd., plans to jointly establish a limited partnership named Ningbo Yongguang Tongxing Project Management Partnership (tentative name) with several related parties and professional investment institutions. The partnership's total proposed capital is 600 million RMB, with Jiangfeng Boxin contributing 417 million RMB (69.5% stake) from its own funds. Other participants include related parties Ningbo Rongchuang Gongxin Investment Partnership, Jiangfeng Tongchuang Technology Group, individuals Bian Yijun, Yu Yongqun, and Zou Junwei, as well as professional venture capital funds Beijing Zhumeng Tongxing No. 1 and Ningbo Zhumeng Tongxing No. 2, which have already registered with the Asset Management Association of China. The investment is part of Jiangfeng's strategic plan to expand investment channels, optimize its industrial layout, and identify high-quality projects and business cooperation opportunities in the semiconductor upstream and downstream sectors. The transaction is conditional upon approval from the investment decision and advisory committees of the two venture capital funds.
Jiangfeng Electronics subsidiary to invest 417 million yuan in semiconductor partnership
Jiangfeng Electronics (300666) announced on September 22 that its wholly-owned subsidiary, Ningbo Jiangfeng Boxin, plans to jointly establish a limited partnership named Ningbo Yongguang Tongxing Project Management Partnership (Limited Partnership) with the company's related parties and a professional investment institution. The total capital of the partnership is tentatively set at 600 million yuan, with Ningbo Jiangfeng Boxin contributing 417 million yuan from self-raised funds, representing a 69.50% stake. The partnership will invest in key segments of the semiconductor industry chain that have synergies with Jiangfeng Electronics' main business. The announcement was reported by People's Financial Information on September 22.
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