GF Securities 425 million yuan set up Industrial Fund and fund management company

NetEase Finance March 10 News of the 10th issued a notice, the company's wholly-owned subsidiary to the German Investment Management Limited to the company's largest shareholder Liaoning Cheng Da Co., Ltd.,　　Dalian Side Group Co., Ltd. in Liaoning province Dalian jointly launched the establishment of the Guangdong Coastal Industry (Dalian) Fund Management Co., Ltd. and the Guangdong Coastal Industry (Dalian) fund. GF Securities said that the fund management company in the form of limited liability companies, the registered capital of 50 million yuan, to be issued by the canton of Germany, Liaoning into a large, one group, respectively, in cash mode of capital contribution of 25.5 million yuan, 12.25 million yuan, 12.25 million yuan, respectively accounted for the proportion of 51%, 24.5%,　　24.5%. The form of Industrial fund is limited partnership system. The initial stage of raising the Industrial fund plan is set at 202.5 billion yuan; the fund management company, as a general partner, shall not contribute less than 1% of the total amount of the capital contribution received by the Industrial Fund; wide letter from Germany, Liaoning into a large, one group to be limited partners, in turn, in the form of cash contributions of 400 million yuan, 200 million yuan, 200 million yuan　　Other limited partners are not yet established. GF Securities said that the purpose of this transaction is to implement the Liaoning coastal Economic Belt development Planning and the northeast old industrial base revitalization strategy background, through the complementary advantages of the company and partners, actively participate in economic construction, grasp investment opportunities, broaden investment channels, enrich the company's direct investment business profit model.　　After the completion of the transaction, will be conducive to further optimize the business structure, broaden the source of profits, reasonable and efficient operation, to improve the company's profit level has a positive impact.　　The shares of GF Securities in 2010 outstanding performance, October Rose 69%, led the securities brokerage unit. GF Securities 10th Low Open lower, closed down 3.87%, reported closed at 43.92 Yuan. Responsible Editor: NF054