Shanying International Holdings (SHA:600567) received the full payment of 546.2 million yuan from the divestment of Jiaxing Yinghuang Equity Investment Partnership (Limited Partnership), according to a Shanghai Stock Exchange filing on Wednesday.
The fund was sold through the company's unit, Shanghai Shanying Private Equity Fund Management, to Haiyan Hangzhou Bay Venture Capital in 2024.
The fund will no longer be included in the Chinese paper packaging material supplier's consolidated financial statements, the filing said.
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