Xiamen Tungsten: Wholly-owned subsidiary participates in establishment of fund management company
2020-11-16 11:34:46 [Print]
Xiamen Tungsten announced on the evening of November 13 that Xiamen Tungsten Investment Co
Xiamen Tungsten stated that through the establishment of a fund management company, the resources, investment management and operation management experience of the partners can be used to enhance the company's investment capabilities, effectively filter investment project risks, and accelerate the company's strategic layout and development.
. , Ltd . , a wholly-owned subsidiary of the company, plans to jointly establish Xiamen Chuanghe Luxiang Investment Management Co . , Ltd . with SDIC Chuanghe Fund Management Co . , Ltd . and Ningbo Qianshi Herun Equity Investment Management Co . , Ltd . Xiamen Tungsten Investment plans to invest RMB17 . 5 million (USD2 . 64 million), accounting for 35% of the equity of the fund management company.Xiamen Tungsten stated that through the establishment of a fund management company, the resources, investment management and operation management experience of the partners can be used to enhance the company's investment capabilities, effectively filter investment project risks, and accelerate the company's strategic layout and development.