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Following the conclusion of A-share trading, Hebei Yangyuan Zhihui Beverage Co., Ltd. revealed that its subsidiary, Wuhu Wenming Quanhong Investment Management Partnership, has injected 1.6 billion yuan into Yangtze Memory Technologies Holding Co., Ltd., securing a 0.99% equity stake. This transaction, initially approved by the board of directors 17 months ago, was postponed in its disclosure due to the involvement of "commercial secrets." All investment funds originate from Yangyuan Beverage's internal resources, with the objective of exploring new equity investment models and bolstering the company's investment prowess. Yangtze Memory Technologies Holding has welcomed multiple investment institutions for this funding round, pushing its valuation to approximately 161.6 billion yuan.
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