Common Contracts
1 similar Partnership Agreement contracts
CONNECTED TRANSACTION PARTNERSHIP AGREEMENT IN RELATION TOPartnership Agreement • August 9th, 2018
The Board is pleased to announce that on 12 September 2019, the Company, Capital Group, Capital Venture, a subsidiary of Capital Group, and Capital Jingzhong, a subsidiary of Capital Group, have entered into the Partnership Agreement in relation to the formation of the Partnership Fund. The initial registered capital of the Partnership Fund is RMB500,000,000, including RMB20,000,000 (representing 4% of the capital contribution) to be subscribed by Capital Venture as a general partner, RMB280,000,000 (representing 56% of the capital contribution) to be subscribed by Capital Group as a limited partner, and RMB100,000,000 (representing 20% of the capital contribution) to be subscribed by each of the Company and Capital Jingzhong as a limited partner. The main purpose of the formation of the Partnership Fund is to invest in sub-funds under the cultural and creative industries and projects therein. The Partnership Fund will not be accounted for as a subsidiary of the Company and its financi
