M & a heat warming, snow Wright denounced 90 million yuan to participate in the establishment of buyout funds

Wright May 24th evening announcement said the company intends to Shenzhen Qianhai Daewoo Capital Management Limited (hereinafter referred to as the "Daewoo capital"), Guangdong province within the scope of government guide funds, social investors and financial institutions jointly initiated the establishment of the total size of not less than 300 million yuan fund industry mergers and acquisitions, the fund tentative name for snow Wright Daewoo industry mergers and acquisitions fund partnership (limited partnership) (tentative name, specific to the nuclear industry and Commerce shall prevail, hereinafter referred to as the "buyout fund"), which the company subscribed invested 90 million yuan.

Through the optimization of resource integration between the two sides, with the help of Daewoo capital in the field of equity investment experience and professional ability, will effectively increase the company merger and acquisition project reserves, enhance the efficiency of acquisition, and directly promote the company to better grasp the opportunity of rapid development of emerging industries, mergers and acquisitions and expansion of industrial integration to realize their own strategic goals.

Through mergers and acquisitions fund, will be conducive to the elimination or early resolution of mergers and acquisitions in the early stages of the project decision-making risk, financial risk, industry risk and other risks or to better protect the interests of the company and shareholders.

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