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    Home > Coatings News > Paints and Coatings Market > Establishment of National Manufacturing Transformation and Upgrading Fund

    Establishment of National Manufacturing Transformation and Upgrading Fund

    • Last Update: 2021-03-28
    • Source: Internet
    • Author: User
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    CRRC recently issued the "Announcement on Participating in the Establishment of the National Manufacturing Transformation and Upgrading Fund Co.
    , Ltd.
    ".
    The announcement stated that in order to innovate investment models and promote the effective integration of industry and capital, CRRC participated in the establishment of the National Manufacturing Transformation and Upgrade Fund Co.
    , Ltd.
    jointly initiated by the Ministry of Finance, China Development Bank Financial Corporation, and China National Tobacco Corporation.
    The registered capital of the fund company is 147.
    2 billion yuan, and the total number of shares is 147.
    2 billion shares.
    All shareholders make capital contributions in cash in Renminbi.
    CRRC is the promoter shareholder of the fund company.
    It has subscribed 500 million shares, the subscription fee is 500 million yuan, and the shareholding ratio is 0.
    34%.
    The remaining shareholding ratios of shareholders are: the Ministry of Finance of the People's Republic of China holds 15.
    29%, China Development Bank Capital Corporation holds 13.
    59%, China National Tobacco Corporation holds 10.
    19%, and China Insurance Investment Fund Phase II (Limited Partnership) holds shares.
    10.
    19%, Beijing Yizhuang International Investment Development Co.
    , Ltd.
    holds 6.
    79%, Zhejiang Manufacturing Transformation and Upgrading Industry Investment Co.
    , Ltd.
    holds 6.
    79%, Hubei Changjiang Industry Investment Group Co.
    , Ltd.
    holds 6.
    79%, and China Pacific Life Insurance Co.
    , Ltd.
    holds 6.
    79%.
    6.
    79% of shares and so on.
      Regarding the main investment areas of the fund company, the announcement disclosed that it will invest in new materials, new generation information technology, electric power equipment and other fields of growth and mature enterprises.
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