Baida group: the subsidiary plans to invest 20 million yuan to establish a partnership
Baida group announced that Zhejiang Baida Asset Management Co., Ltd. (hereinafter referred to as "Baida asset management company"), a wholly-owned subsidiary of the company, signed the partnership agreement of Hangzhou Zhefeng Hongsheng venture capital partnership (limited partnership) in Hangzhou on July 23, 2021. Baida asset management company, as a limited partner, intends to make a capital contribution of RMB 20 million with its own funds to invest in Hangzhou Zhefeng Hongsheng venture capital partnership (limited partnership) (hereinafter referred to as the "partnership"). The partnership plans to introduce a number of new partners, and the total fund scale after all subscription is RMB 110 million.
This text is a result of machine translation.
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