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Grandeco Unveils Plan to Invest 50 Million Yuan in Launching a Venture Capital Fund
1 day ago /
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Author：小编
On September 17th, Grandeco made an announcement revealing its intention to participate as a limited partner. The company aims to allocate 50 million yuan from its own reserves, in collaboration with 11 entities, including Fengyuan Capital, Guangdong SmiC Electronics Co., Ltd., and individual investor Chen Jie. Together, they will jointly establish the Quanzhou Fengyuan Ningxin Venture Capital Partnership Enterprise. This venture capital fund, boasting a total scale of 330 million yuan, is earmarked for investment in Rongxin Semiconductor Co., Ltd. The company's board of directors has thoroughly reviewed and approved this initiative, eliminating the need for further submission to the shareholders' meeting for deliberation.
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