Visual China Group Plans to Invest 10 Million Yuan in Venture Capital Fund

中国证券报··Read original
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Summary · why it matters

Visual China Group's wholly-owned subsidiary, Beijing Huaxia Vision Technology Group, plans to invest 10 million yuan of its own funds alongside Tianjin Lisi Mingtang Enterprise Management Consulting Partnership in the Tianjin Lisi Xingque Venture Capital Investment Partnership, a limited partnership. The fund has a target size of 980 million yuan, with Beijing Huaxia committing 10 million yuan in capital. The partnership will invest exclusively in a designated project. The company stated that the fund's investment target has synergies with its core business, and participating in the investment fund will help the company stay abreast of cutting-edge technology developments, further explore high-quality enterprises upstream, downstream, and across the industry chain, and enhance its core competitiveness.

Impact on assets 1

Others▲
Visual China Group Co Ltd
000681
± MixedCapitalrelevance

Visual China Group invests 10 million yuan in a venture capital fund, which is a capital allocation move with uncertain near-term impact.

Off-coverage companies 3

北京华夏视觉科技集团有限公司i
Private± MixedCapitalrelevance

Beijing Huaxia Vision Technology is the wholly-owned subsidiary making the investment, same as parent.

天津砺思明棠i
Private± Mixedrelevance

天津砺思星雀创投i
Private± Mixedrelevance