Pianzi Huang: Plan to invest 200 million yuan to participate in the Zhongjin Medical Fund.
Pien Tze Huang announced that its wholly-owned subsidiary, Pien Tze Huang Investment, plans to subscribe for 200 million yuan in the form of a limited partner with its own funds or self-raised funds, investing in Ciming Medical Industry Investment Partnership Enterprise, accounting for 20% of the target fundraising scale of Ciming Medical Fund. The fund mainly invests in the medical health investment direction, including traditional Chinese medicine, biomedicine, medical devices, medical services, daily chemical beauty and health, and related industries. This investment constitutes a related party transaction, but does not constitute a major asset restructuring.
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