Shanghai Dazhong Public Utilities Scraps Private Equity Fund Investment

Stock News

08/05

Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced the termination of its investment in a private equity fund.

The company, along with Dazhong Transportation (Group) Co., Ltd. and Beijing Lvdong Private Equity Fund Management Co., Ltd., had jointly established Wuxi Lvyao Venture Capital Partnership (Limited Partnership). The total capital commitment for Wuxi Lvyao was 201 million yuan.

Due to Wuxi Lvyao's inability to achieve the agreed investment objectives, the dissolution clause stipulated in the partnership agreement was triggered. On August 5, 2026, a general meeting of all partners was held, where a unanimous decision was made to dissolve Wuxi Lvyao.

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