Wens Foodstuff Group (300498.SZ) plans to inject no more than 205 million yuan into Hengxin Biology for capital increase.
Wenshi Group (300498.SZ) announced that its wholly-owned subsidiary, Guangdong Wenshi Investment Co., Ltd. ("Wenshi Investment"), intends to jointly invest in Shandong Hengxin Biotechnology Co., Ltd. ("Hengxin Biotechnology") with the company's related party and professional investment institution Wensrun Agricultural Bio-technology (Yunnan) Venture Capital Fund Partnership Enterprise (Limited Partnership) ("Wensrun Agricultural Bio-fund"), Wensrun Anxing Keying (Hainan) Equity Investment Fund Partnership Enterprise (Limited Partnership) ("Wensrun Anxing"), and professional investment institution Binzhou Zhikong Entrepreneurship Investment Fund Partnership Enterprise (Limited Partnership) ("Binzhou Zhikong Fund"). Wenshi Investment plans to invest up to 205 million yuan in this venture using its own funds.
Wens Foodstuff Group (300498.SZ) announced that its wholly-owned subsidiary Guangdong Wens Investment Co., Ltd. ("Wens Investment") intends to jointly invest in Shandong Hengxin Biotechnology Co., Ltd. ("Hengxin Biotechnology") with affiliated professional investment institutions including Wensun Agricultural Biotechnology (Yunnan) Venture Investment Partnership Enterprise (Limited Partnership) ("Wensun Agricultural Biotechnology Fund"), Wenrun Anxing Keying (Hainan) Equity Investment Partnership Enterprise (Limited Partnership) ("Wenrun Anxing"), and professional investment institution Binzhou Zhikong Venture Investment Partnership Enterprise (Limited Partnership) ("Binzhou Zhikong Fund"). Wens Investment plans to invest not more than 205 million yuan of its own funds in this project.
This investment in Hengxin Biotechnology does not involve specific business operations. It is mainly focused on equity investment, and the investment target is different from the company's main business, so it will not result in industry competition or related transactions.
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