LED companies love teaching, rectangular group also came!

A group of June 6th evening announcement, according to the company's overall strategic development plan, with the expertise of professional investment institutions, to further accelerate the pace of development, extension, promote industrial upgrading, the company intends to Shenzhen Qianhai Yide capital Cci Capital Ltd co investment in the establishment of rectangular Yide education industry investment fund mergers and acquisitions (limited partnership).

Notice that the fund is mainly invested in the acquisition of high-quality assets in the education industry, especially in international education, early education, early childhood education and other preschool education industry as the focus of investment.

The size of the fund is not more than 2 billion yuan. Among them, the inferior level of company as a limited partner, intends to own funds invested 400 million yuan; Yide capital as a general partner, invested 600 million yuan, as after bad money; the remaining funds according to the demand to qualified investors in non-public offering, as a priority in the capital.

The company said the investment in mergers and acquisitions fund set up in line with the company's overall development strategy and planning, through the optimization of resource integration between the two sides, prompted the company to better grasp the favorable opportunity for the development of emerging industries, to promote the company epitaxial expansion by way of mergers and Acquisitions Industry positive sound, further improve the industrial layout of the company. At the same time, with the professional fund team, can be combined with its rich investment management and perfect risk control system better, the potential risks can effectively avoid the investment process, to better protect the interests of the company and the shareholders of the company.

At the same time, the company announced that the company intends to invest in the establishment of a wholly owned subsidiary of Shenzhen Qianhai long Education Management Limited, the registered capital of 100 million yuan intended, the company's own funds invested 100 million yuan, accounting for 100% of the total registered capital.

The establishment of the rectangular education is mainly to promote the implementation of the company's strategic development planning objectives, to promote the company's epitaxial development, improve the company's continued profitability, to maximize the interests of the shareholders of the company. At the same time, the company will introduce the education, management and other professional knowledge and rich experience in high-end talent, promote the long-term, healthy and stable development.

Rectangular lighting of the two actions, directed at the field of education. Notice that the fund is in line with the company's overall development strategy and development plan, it can be seen, the rectangular group or another cross-border education will be another LED enterprise.

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