Feile Audio launched a 50 billion industry fund, plus smart city

On the evening of February 21, Feile Audio announced that the company and the Guiyang Bank Co., Ltd. signed a "Strategic Cooperation Agreement", and the two sides will carry out comprehensive and in-depth cooperation in the smart city industry in the future. According to the agreement, the two sides reached an intention to jointly lead the smart city industry fund (contract type) with a total scale of not more than 50 billion yuan to support the industrial development of Feile Audio in the smart city field.

According to the agreement, the two sides will strengthen cooperation in the fields of industrial funds, financial leasing, supply chain financing, fund settlement, capital market business, big data and other investment and financing. In addition, in the projects invested by the Smart City Industry Fund, the project involves the fields of big data financial services, Internet payment and settlement, etc. Both parties agree that Guiyang Bank is the preferred partner of banking financial institutions.

Feile Audio said that the signing of the strategic cooperation agreement is in line with the strategic development needs of the company's “transformation from traditional manufacturing enterprises to modern service-oriented manufacturing enterprises that provide smart city overall lighting solutions”. The purpose of this strategic cooperation agreement with Guiyang Bank is to combine the current macroeconomic situation with the future development direction of the industry, optimize the company's industrial layout in the construction of smart cities, use industrial funds, actively grasp the opportunities of industrial development, and carry out various types of lighting. The construction of urban projects will promote the company's active and steady expansion.

It is worth mentioning that In 2015, Feile Audio announced that it has cooperated with China Construction Bank Shanghai Branch and Huaxin Securities to launch the Shanghai Feile Smart City Industry Fund (Limited Partnership). According to Feile audio, the industry fund has successfully acquired a 47% stake in Guizhou Shenan Panan Investment Co., Ltd., a project company established by the company's wholly-owned subsidiary.

In addition, Feile Audio announced in September last year that Beijing Shenan Investment Group Co., Ltd., a wholly-owned subsidiary of the company, intends to jointly establish a joint venture company with Zhuzhou City State-owned Assets Investment Holding Group Co., Ltd. and Yunsai Zhilian Co., Ltd. in Zhuzhou. Promote the construction of smart cities in Zhuzhou. The registered capital of the joint venture company is 150 million yuan, of which Beijing Shenan Investment Group Co., Ltd. holds 40% of the shares.


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