China New Group: Subsidiary China New Smart Land plans to invest no more than 80 million yuan in InnoTech Innovation Phase III, with a stake not exceeding 6%

K-LinePoet · 2026-03-18T03:55:48+00:00

Zhongxin Group announced that Zhongxin Zhidi Suzhou Industrial Park Co., Ltd., a controlling subsidiary of the company, intends to participate in the investment of Innova Innovation Fund III as a limited partner using its own funds, with a committed investment not exceeding 80 million yuan, representing no more than 6% of the final fund's total committed amount. The fund focuses on next-generation information technology and intelligent manufacturing sectors. This round aims to introduce multiple investors with a target fund size of 1.5 billion yuan.

K-LinePoet

2026-03-18 03:55:48

China New Group Announcement: Its wholly owned subsidiary, China New Zhidi Suzhou Industrial Park Co., Ltd., plans to participate as a limited partner using its own funds to invest in InnoTech Phase III, with a committed capital of no more than 80 million yuan, accounting for no more than 6% of the final fund’s committed total. This fund focuses on new generation information technology and intelligent manufacturing sectors. Multiple investors are planned to be introduced in this round, with a target scale of 1.5 billion yuan.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes