Zhongwang Fabric invests 50 million yuan in private equity fund shares, targeting high-tech sector

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Zhongwang Fabric announced that the company, as a limited partner, has committed 50 million yuan of its own funds to invest in Tianjin Lisi XingShen Equity Investment Partnership, a limited partnership, accounting for 0.8306% of the total capital contribution after the new shares. The fund has a target size of 6.02 billion yuan, focusing on early- and mid-stage unlisted companies in high-growth, high-tech sectors.

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ZhongWang Fabric Co. Ltd.
605003
± MixedCapitalrelevance

Zhongwang Fabric commits 50 million yuan of its own funds as an LP into a high-tech private equity fund, a financial investment with unclear near-term payoff.

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Tianjin Lisi Xingshen Equity Investment Partnership (LP)i
Private± MixedCapitalrelevance

The partnership receives a 50 million yuan commitment from Zhongwang Fabric, part of its 6.02 billion yuan target focused on high-tech unlisted companies.