Jiangsu Broadcasting Cable Information Network Corporation Limited (600959.SH) subsidiary intends to subscribe for shares of Jiangsu Industrial M&A Fund with an amount not exceeding RMB 100 million.

Zhitong Finance APP News, Jiangsu Broadcasting Cable Information Network Corporation Limited (600959.SH) announced that its wholly-owned subsidiary Jiangsu Ruihui Equity Investment Management Co., Ltd. intends to subscribe as a limited partner for shares of Jiangsu Industrial M&A Fund (Limited Partnership), with a subscription amount of no more than RMB 100 million, and the total fund size of RMB 7 billion. Relying on the provincial-level industrial M&A platform, the company can broaden investment channels, connect with state-owned enterprise industrial chain resources and M&A projects, and identify high-quality M&A opportunities for the expansion of its main business.