Longcheer Technology's wholly owned subsidiary Guolong Technology has signed a subscription agreement to invest $15 million of its own funds in the private equity fund TECHNOLOGICAL OVERSEAS CAPITAL 2 LIMITED. The fund has a target size of $94.71 million, with Guolong Technology's committed capital accounting for 15.84% of the total. The investment aims to leverage the resources and expertise of professional investment institutions to further enhance the company's competitive strength. In the first quarter of 2026, Longcheer Technology achieved revenue of 7.564 billion yuan and net profit attributable to the parent of 15.41 million yuan.
Shanghai Longcheer Technology Co., Ltd.Invests $15M in a private equity fund; impact unclear as it may or may not yield returns.
As the investing subsidiary, it commits $15M to a fund; outcome uncertain.