Qinshang invested 550 million set of fund mergers and acquisitions resume trading today

KingSun July 23rd evening announcement, the company recently signed a joint venture with a permit to initiate the establishment of a framework agreement permit Qinshang mergers and acquisitions fund. The company intends to own funds 4 million yuan capital, company executives and certificate team, company designated third party cooperation agencies jointly funded the establishment of Shenzhen Qianhai card hang KingSun Cci Capital Ltd. Then by the company's own funds 550 million yuan capital, and a certificate certificate Qinshang jointly initiated the establishment of industry mergers and acquisitions fund.

M & A fund invested 5 billion yuan, the first phase of the scale of $600 million. The acquisition of the mother fund should not engage in direct investment projects, but for the specific investment projects, and permit Qinshang initiated the establishment of the special investment fund. The acquisition of the mother fund and permit Qinshang jointly initiated the establishment of one or more related to KingSun industries or emerging industries in the field of high-quality corporate investments for the industry mergers and acquisitions in the sub funds, sub funds, mergers and acquisitions fund investment 20%-50%, the remaining funds raise to the community, to achieve 2-5 times the leverage of social capital. Play the leverage effect of parent fund mergers and acquisitions. Sub fund to energy conservation and environmental protection industry, LED industry, smart home industry as well as the two sides jointly recognized the emerging industries of outstanding enterprises as the main investment direction.

The company said, set up to invest in this certificate on the ground and related industry mergers and acquisitions fund, with the aim of the company mergers and industry integration, and constantly improve the industrial structure, promote the strategic development, consolidate the status of the company, enhance the comprehensive competitiveness.

Company's shares will resume trading on July 24th.

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