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Shanying Paper's Wholly Owned Subsidiary, Shanying Capital, Plans an External Investment

Announced on April 25th, 2017, a company wholly owned by Shanying International, Shanying Capital, cooperated with Shanghai Yousu and etc., to invest and establish Ningbo Meishan bonded port “Nine-Root Brothers Equity Investment Center” (limited partnership) ,Fund size of 1.49849 billion yuan. Shanying capital intends to invest out of its own capital of 300 million yuan, which is of  28.58% of total fund size. This fund will focus on domestic and foreign high- value, high-growth of the new economy, especially investment projects that are in the same field or related to the company's main business or that can produce synergies and promote its endogenous development.

Link to Announcement: http://www.sse.com.cn/disclosure/listedinfo/announcement/c/2017-04-25/600567_20170425_2.pdf