Qinshang play "black Monday" equity investment dropped 9.37%

The Southern Metropolis News, listed enterprises in Dongguan KingSun also cross-border investment. August 2nd evening announcement, recently with the Shenzhen taihesheng Efficient Finance Holding Ltd signed a "limited partnership agreement", jointly funded the establishment of Shenzhen Hongyi one fund mergers and acquisitions investment enterprises.

The two sides jointly invested 3 billion yuan currency funds to invest RMB, M & a new direction for science and technology, media and communications industry direction or related industries listed companies or other significant relevance to the high growth of non listed companies or equity and equity related investments.

This information does not help to escape the KingSun black Monday closed down 9.37% shock.

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. Partnership for 5 years.

KingSun this transaction does not constitute a major asset reorganization, also does not constitute a connected transaction, such as the implementation of this transaction will enable the company to 12 consecutive months of foreign investment industrial investment funds totaling more than 100 million yuan, and accounting for the company's latest audited net assets of more than 5%.

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