Zhitong financial APP, Haining Picheng (002344.SZ) issued an announcement that the company's wholly-owned subsidiary Haining China Leather City Investment Co., Ltd. recently signed a "Jiaxing Zhejiang-Hong Kong Chunlin Equity Investment Partnership (Limited Partnership)" with CITIC Construction Capital Management Co., Ltd. to jointly invest in the establishment of Jiaxing Zhejiang-Hong Kong Chunlin Equity Investment Partnership (Limited Partnership). The total amount of capital subscribed by the partnership enterprise is 820 million yuan, of which subsidiaries, as limited partners of the partnership enterprise, contribute 50 million yuan with their own funds, accounting for 6.10% of the total subscription amount of the partnership enterprise. The partnership will mainly use its own funds to engage in growth equity investment, equity investment in the process of M & A, and debt-to-equity investment related to equity investment, such as convertible bonds, exchangeable bonds, and so on.
Relying on the resources and advantages in its own industrial field, the company invests in projects in line with the company's strategic development direction by setting up funds in cooperation with professional investment institutions, which helps to promote the expansion of the industrial value chain and further improve the company's business layout. promote the company's business operation and capital operation to achieve benign complementarity, and enhance the company's comprehensive competitiveness. At the same time, make full use of the resource advantages, management experience and perfect risk control system of external professional investment institutions to help the company grasp investment opportunities in time, reduce investment risks, help to improve the quality of the company's foreign investment, and create more value for the company and its shareholders.