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SHE:002015

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Asia

GCL Energy Technology Commits 100 Million Yuan in Venture Capital Fund

GCL Energy Technology (SHE:002015), through unit Suzhou Xinsuan, committed 100 million yuan as a limited partner in a 1.00-billion-yuan venture capital fund.The Shanghai Jieshu venture capital fund will primarily invest in unlisted artificial intelligence enterprises, according to a weekend filing with the Shenzhen bourse.The fund has a seven-year term with a four-year investment period.Shares of the solar materials manufacturer closed 1% lower Monday.

SHE:002015
Treasury

GCL Energy Technology to Apply for Issuance of 1.50 Billion Yuan Medium-Term Bonds

GCL Energy Technology (SHE:002015) plans to apply for the issuance of medium-term bonds worth 1.50 billion yuan with China's National Association of Financial Market Institutional Investors, according to a Shenzhen bourse filing on Saturday.The solar materials manufacturer's shares slipped 1% at the close of Monday's trade.The bonds can be issued in tranches and will have a term of two to five years.

SHE:002015
Asia

GCL Energy to Invest 167 Million Yuan to Set Up Partnership Fund

GCL Energy Technology (SHE:002015), through its unit GCL Smart Energy (Suzhou), will invest 166.7 million yuan to establish a partnership fund in cooperation with other investors, according to a Thursday disclosure on the Shenzhen bourse.The Xuancheng Anyuan Strategic Emerging Industries Equity Investment Fund Partnership (Limited Partnership) aims to raise capital worth 1 billion yuan and will primarily invest in strategic emerging industries.The solar materials manufacturer will own 16.7% of the partnership fund.

SHE:002015

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