Summary by Moomoo AI
GUANGZHOU AUTOMOBILE GROUP CO., LTD. (ABBREVIATION: GUANGZHOU GROUP) ANNOUNCED ON APRIL 12, 2024 THAT IT WILL JOINTLY LAUNCH AN INVESTMENT FUND CALLED GUANGKIN KICHI LISTED COMPANY HIGH QUALITY DEVELOPMENT FUND WITH GUANGZHOU FINANCIAL HOLDINGS GROUP CO., LTD. The total size of the fund is RMB 12.01 billion, and the Guangxi Group will invest at a ratio of 45.8%, not exceeding RMB 5.5 billion. The Fund will invest mainly in modern service enterprises that promote the alignment of the automotive industry chain with the capital market, related enterprises that support the high-quality development of Guangzhou listed companies, the listing of state-owned enterprises, and quality projects to accelerate the development of new quality productivity. GUANG AUTO GROUP SAID THE MOVE WAS IN LINE WITH THE...Show More