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RTNominal down0.930 -0.020 (-2.105%)

02/09/2021 09:52

Adtiger Corp (01163) subsidiary to invest in fund

[ET Net News Agency, 2 September 2021] Adtiger Corporations Limited (01163) said
AdTiger Technology, a wholly-owned subsidiary of the group, Zhongxin Incubator Investment,
Qingdao Guiding Fund, Qingdao Innovation Fund, Shandong Hesheng Investment, Blue Valley
Gaochuang, each as a limited partner, entered into the limited partnership agreement with
Qingdao Oriza Yuandian, as the general partner, to subscribe for partnership interest in
the fund.
The fund is a limited partnership in Qingdao, which mainly focuses on investing in
start-up companies in strategic emerging industries, especially on companies in the
consumer sector such as 5G, quantum communication and edge computing. The total capital
commitment of the fund is RMB200 million. AdTiger Technology has committed to a
contribution of RMB20 million to the fund. (RC)

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