Saiwei Times invested 17.6 million yuan in Binh Duong Renyi Fund

Mondo Finance Updated on 2024-02-05

On February 2, 2024, Saiwei Times issued the "Announcement on Co-investment with Professional Investment Institutions", indicating that the announcement of the joint investment between Saiwei Times Technology Co., Ltd. and Pingyang Renyi Equity Investment Partnership (Limited Partnership) is summarized as follows: The company participated in the investment of Pingyang Renyi with its own funds of RMB 17.6 million, becoming one of its limited partners, holding 549828% of the partnership share. Binh Duong Yuanquan Investment Partnership (Limited Partnership) is the general partner, with a capital contribution of RMB 11 million, and there is no record of execution for dishonesty. Capital contributions and basic information of other limited partners. The total subscribed scale of Binh Duong Renyi** is RMB32.01 million, of which RMB32.01 million has been paid-in, and the company holds 549828% of the partnership share. The main terms of the partnership agreement include the purpose of the partnership, the term of the partnership, the method of capital contribution, the general partner, etc. The investment scope mainly includes the equity or shares of unlisted companies in wireless Internet and new energy related industries. The company's participation in joint investment aims to give full play to and make use of the advantages and resources of all parties in the partnership, better use the experience and resource advantages of professional investment institutions, develop and improve the company's investment channels, improve the company's comprehensive competitiveness and profitability, and promote the company to achieve the overall strategic goals. The joint investment with professional investment institutions is the company's use of its own funds to contribute capital under the premise of ensuring the development of its main business, which will not affect the company's normal production and operation activities and will not have a significant adverse impact on the company's financial and operating conditions. Risks** During the operation, it will be affected by factors such as macroeconomy, industry policies, and trading plans, and the returns will be uncertain, and there may be risks that the investment objectives cannot be achieved, the investment returns do not meet expectations, or losses. The company will pay close attention to the operation and management of the investment, and urge the executive partners to prevent investment risks and maintain the safety of the company's investment funds.

Saiwei Times Technology Co., Ltd. was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on July 12, 2023, and its main business is to export cross-border brand e-commerce. In the national economic industry, it belongs to the general category of wholesale and retail trade, and the small category of retail trade; In terms of Shenwan's industry classification, it belongs to the major category of commerce and retail and the subcategory of Internet e-commerce. As of October 25, 2023, the actual controller of the company is Chen Wenping. The Saiwei era (301381SZ) is an underwriting sponsor of Dongfang**, and the sponsors are Zhou Yang and Lai Xueguo; The IPO service accounting firm is Lixin Certified Public Accountants (Special General Partnership), and the certified public accountants are Shi Yao and Chen Qiong; The IPO service law firm is Beijing King & Wood Mallesons Law Firm, and the practicing lawyers are Ye Kai and Tian Weina.

As of 2024-02-02**, the company's share price is 2334 yuan shares, with a circulating market value of 7$8.1 billion.

Announcement**: Disclaimer: This article is written by the robot, jointly incubated by Pencil Road and Hanxin Society, and the main data is provided by Hanguang Suwen. The content and data in this article are for reference only and do not constitute investment advice.

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