Cement Brother has also made an LP
So we see a group of traditional listed companies appearing in the LP circle, allocating funds to high-tech tracks.
Specifically, Conch Cement plans to serve as a limited partner and subscribe to a capital contribution of 1.5 billion yuan with its own funds, accounting for 30% of the partnership’s subscribed capital.
Investment community – Decode LP has learned that recently, cement giant Conch Cement announced that it will collaborate with professional investment institutions to jointly establish Anhui Conch Haitong Industrial Internet Master Fund Partnership Enterprise (Limited Partnership).
Among them, Haitong Kaiyuan serves as the general partner, executive partner, and fund manager.
According to the announcement, the total scale of the fund is 5 billion yuan, jointly invested and established by six partners, Anhui Conch Cement Co., Ltd., Haitong Kaiyuan Investment Co., Ltd., Conch Capital, Wuhu Industrial Investment Fund Co., Ltd., Wuhu High tech Industry Development Fund Co., Ltd., Wuhu Jinghu Zhenye Investment Fund Co., Ltd., and Ningbo Shangyi Software Co., Ltd.
But with the industry cycle changing, the stock price of Conch Cement has started to enter a downward trend, with the latest market value of 136 billion yuan, and the high point has already halved.
Regarding this, Conch Cement explained that the industrial internet industry conforms to the national strategy and industrial policy guidance, and has certain development potential and prospects
.
That is to say, the Conch family will contribute a total of 2 billion yuan, becoming the largest contributor to this parent fund.
I don’t want to only sell cement and invest 2 billion yuan, but investing in industrial internet conch cement is very bold.
Among them, the Conch family will contribute a total of 2 billion yuan, becoming the largest contributor to this parent fund.
With regard to the investment direction, the Industrial Internet Master Fund and the sub fund established through it focus on projects with good development prospects in the “Industrial Internet plus+” ecological platform, including intelligent manufacturing, industrial platforms, industrial software, industrial supply chain, industrial application solutions, industrial Internet hardware, blockchain, cloud computing, Internet of Things, artificial intelligence, 5G and other fields.
Meanwhile, Conch Capital, a subsidiary of Conch Group, plans to invest 500 million yuan, accounting for 10%.
Oldmoney author I Wu Qiong reports that another heavyweight guest has arrived in the investment world – decoding LPLP world.
As Li Qunfeng, the executive director and general manager of the company, previously stated, Conch Cement needs to find new profit growth points.
As a domestic cement giant, from 2000 to 2020, the revenue of Conch Cement increased by over 140 times, with a market value of over 300 billion yuan, making it known as the “big brother” of domestic cement enterprises.