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BRIEF-YGSOFT to invest 50 mln yuan to set up equity investment fund
September 4, 2017 / 4:46 AM / 2 months ago

BRIEF-YGSOFT to invest 50 mln yuan to set up equity investment fund

Sept 4(Reuters) - YGSOFT Inc

* Says co plans to invest 50 million yuan to set up an intelligent IoT equity investment fund with partners

* Says fund’s size is 204 million yuan

* Says co’s Zhuhai-based wholly owned unit plans to invest 2.6 million yuan to set up a JV to manage the fund

* Says registered capital of the JV is 10 million yuan

* Says unit will hold 26 percent stake in the JV

Source text in Chinese: goo.gl/CvFM1D

Further company coverage: (Beijing Headline News)

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