DAMENG Data (688692.SH) plans to establish a 100 million yuan industrial fund to invest in projects related to the database industry chain.

Wiitrans Finance App News, Datamatics (688692.SH) announcement, the company plans to jointly establish the industry fund Zhongwan Datamatics M&A (Hefei) Equity Investment Fund Limited Partnership with the Greater Bay Area Fund and Zhongwan Private Equity to invest in projects related to the database industry chain, in order to further expand horizontal and vertical development opportunities. The total subscribed capital at the time of the establishment of this fund is 202 million yuan, the company plans to subscribe for 100 million yuan, accounting for 49.505% of the total subscribed capital at the time of the establishment of the fund. Within 12 months from the first delivery date, the limited partnership may conduct one or more follow-on fund-raising activities to existing limited partners or new investors in accordance with applicable laws and regulations. After the follow-on fundraising is completed, the total subscribed capital of the fund will not exceed 1 billion yuan.