Zhitong Financial and Economic APP News, Foreign Service Holdings (600662.SH) issued an announcement that the company's wholly-owned subsidiary Shanghai Foreign Service intends to jointly invest with Donghao Lansheng Investment Management and Lansheng shares and other enterprises to establish Shenchuang Shenhui Fund, and sign the "Shanghai Shenchuang Shenhui Private Equity Partnership (Limited Partnership) Partnership Agreement". Shenchuang Shenhui Fund has a target size of RMB 2.92 billion, and Shanghai Junhe Licheng Investment Management Center (Limited Partnership) (hereinafter referred to as Junhe Capital) is designated as the fund manager. Among them, Shanghai Foreign Service, as a limited partner, intends to subscribe for RMB 50 million, accounting for 1.7123% of the scale raised by the partnership.
Participation in the establishment of Shenchui Fund is in line with the strategic goal of Shanghai Foreign Service Development. Shenchuang series funds link a large number of local industrial groups and industry leading enterprises (including investors and investment targets of previous funds). Relying on the ecological advantages of this platform, it is helpful for Shanghai Foreign Service to explore opportunities for cooperation with high-quality industrial resources. enrich the layout of Shanghai Foreign Service in the upstream and downstream of the main business and diversified fields.