Summary
[National Manufacturing Transformation and Upgrading Fund intends to subscribe to Genesis Fixed Increased Shares]Genesis announced on October 11 that the National Manufacturing Transformation and Upgrading Fund Co., Ltd. recently signed the “Conditional Equity Issuance and Asset Purchase Agreement” with the company. It holds 8.73% of the shares of Shenzhen Genesis Machinery Co., Ltd., a subsidiary of the company, to subscribe for the company’s issued shares, and will become a shareholder of the listed company after the subscription is completed.
GenesisReleased on October 11announcementSaid that the country’s manufacturing industry has transformed and upgradedfundCo., Ltd., recently signed the “Conditional Effective Shares Purchase Agreement” with the company, with the company’s subsidiary ShenzhenGenesisMachinery Co., Ltd. 8.73% of the shares subscribed to the company’s issued shares, which will become a listed company after the subscription is completedshareholder。
The National Manufacturing Fund shoulders the national mission, mainly assisting the transformation and upgrading of China’s manufacturing, focusing on investment in basic and strategic industries, and has good capital and resource advantages. The company is a leading enterprise in the high-end intelligent equipment industry such as domestic CNC machine tools, with good technology, industry, scale and brand advantages. With the signing of the strategic cooperation agreement this time, the company and the fund will give full play to their respective advantages in resources, capital, brand, and technology, establish a strategic partnership, gather capital, and open a capital cooperation channel between the company and the national investment and financing platform. It is beneficial to the company to enhance its capital operation capabilities and promote the company to better utilize the capital market platform to achieve extensional development.
This cooperation will provide effective guarantee for the implementation of the company’s core development strategy, enhance the company’s resource aggregation and core competitiveness in the “industrial mother machine” industry, enhance the company’s supply chain assurance capabilities, and promote the company’s expertise in general fields, new energy fields, and high-end CNC Improve and strengthen the machine tool field, further consolidate the company’s core position in the domestic industry, promote the company’s rapid entry into the forefront of the global industry, effectively enhance the company’s core competitiveness and sustained profitability, and promote the breakthrough of the “industrial mother machine” key technology , To promote the healthy and rapid development of the industry.
(Source: China Securities Net)
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