Xugong Machinery: plans to invest 377.85 million yuan in Xugong Zhanshi Chan Tou

On October 7th, Jin10 Data reported that XCMG Machinery announced in the evening that the company plans to invest CNY 377.85 million through Xuzhou XCMG Industrial Investment Partnership Enterprise (limited partnership) to invest in Xuzhou XCMG Zhanxin Industrial Investment Partnership Enterprise (limited partnership). XCMG Zhanxin Industry Investment will acquire CNY 750 million fund shares (unpaid capital) of the Jiangsu Province Intelligent Manufacturing (Xuzhou) Industrial Special Mother Fund held by the company's controlling shareholder XCMG Group, and participate in the investment management of Xuzhou Zhanxin private sale Fund Management Co., Ltd., the investment manager of Xuzhou Intelligent Manufacturing Mother Fund. The scale of XCMG Zhanxin Industry Investment is CNY 755.7 million.

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