In order to further promote the Lopal industrial development strategy and enhance the company's overseas investment and capital operation capabilities, the board of directors of Lopal recently decided to jointly sign with Jiangsu Lianhui Investment Management Co., Ltd. and Xinyi Asset Management Co., Ltd. The Partnership Agreement for the Industry M&A Fund (Limited Partnership), investing in the establishment of an industry mergers and acquisitions fund, investing in industry-based M&A funds to identify vehicles with environmentally friendly fine chemicals and target companies with growth potential in related industries. It is understood that the total size of industrial M&A funds is RMB 401 million.
April 19, 2018
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