Zhao Yi Innovation said that in order to speed up the integration of high-quality industry resources to seek a synergistic effect of mergers and acquisitions, investment, and further enhance the company's overall strength, industry status and competitiveness, the company intends to use its own funds totaling 60 million yuan, (Limited partnership, to the final approval of the name of the business management department, hereinafter referred to as the 'Fund'), the fund to raise the size of the fund is the largest investment fund, RMB 750 million, focusing on mergers and acquisitions in the field of integrated circuits and the core competitiveness of the company's investment.
Fund managers will be funded by the RMB cash, the fund investment progress depends on the investment project which, trillion investment in innovation accounted for 60 million yuan accounted for 8%; Qingdao city investment of 682.5 million yuan accounted for 91%; fund managers Investment of 7.5 million yuan accounted for 1% of the fund's duration of 7 years, starting from the date of establishment of the Fund (subject to business license), of which 3 years for the investment period, 2 years for the withdrawal period, such as 5 years All the investment income to withdraw, then automatically extended for 2 years, that is, unless approved by another partner meeting, the Fund's operating period of up to no more than 7 years.
It is reported that Qingdao City Investment is directly under the state-owned investment group and government investment and financing platform, its capital as the main line, the implementation of national strategic plan, initiated the establishment of Qingdao 'Hai Si' series of funds, has set up more than 10 fund management companies , The total size of over 100 billion yuan.
Zhao Yi Innovation said that the company through the Fund to carry out cooperative investment, to take full advantage of the Fund and the advantages of fund participants to help companies grasp the integrated circuits and related industries in the field of mergers and acquisitions opportunities to help further enhance the company's overall strength, industry Status and competitiveness, help companies to obtain new profit growth point, in line with the company's development strategy, there is no damage to the interests of the company and shareholders behavior.