GCL Energy Technology (SHE:002015), through subsidiary Suzhou GCL Xinguang Smart Energy, plans to acquire a 99.974% equity stake in Zhike (Zibo) Equity Investment Fund Partnership's (Limited Partnership) for 3.4 million yuan
GCL Xinguang will invest 10 million yuan to acquire shares and participate in the restructuring of the fund, which will result in it acquiring nearly the entire ownership of the fund.
The investment involves the acquisition of existing partnership shares from three entities: Chenfan Wisdom (Hainan) Technology, Yikehui (Qingdao) Private Equity Fund Management, and Shanhai New Energy (Beijing) Energy Technology.
The fund focuses on equity investment and asset management.
Shandong Shunheng Private Equity Fund Management will own 0.026% of the fund following the deal.
GCL Energy's shares rose more than 3% in recent trade.
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