KingSun 400 million yuan to set up a joint venture fund mergers and acquisitions

KingSun August 2nd evening announcement, the company recently with the Shenzhen taihesheng Efficient Finance Holding Ltd signed a "limited partnership agreement". According to the agreement, the company and financial taihesheng jointly funded the establishment of Shenzhen Hongyi one fund mergers and acquisitions investment enterprises.

Mergers and acquisitions fund intends to set up new investment direction for non listed companies: high growth technology, media and communications industry direction or related industries listed companies or other major relevance of equity or equity related investments; China domestic listed company non-public issuance of stocks, bonds and warrants; the wisdom of the city, supply chain finance, sports culture industry, smart grid, cloud computing, networking, big data and information management etc.. The high growth of non listed companies to the middle and mature Chinese architecture within the enterprise and was China overseas architecture and intends to China the return of red chips mainland capital market or national equity trading system of listed or listed companies.

Announcement shows that the fund's contribution to the acquisition of 3 billion yuan. KingSun in the fund to be invested about 400 million yuan, and priority as limited partners, regardless of fund profit or not, enjoy 7% years of income, and by taihesheng finance as a sponsor; taihesheng financial invested about 400 million yuan, and as a general partner; the contribution by the general partner (taihesheng financial CO) investors and other partners.

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