October 9 news: Inner Mongolia Junzheng Energy Chemical Co., Ltd. announced today that Alibaba plans to invest 1.18 billion yuan to subscribe for a registered capital contribution of 262.3 million yuan in Tianhong Fund. After the capital increase and share expansion, Alibaba will hold 51% of the shares.
The announcement stated that Alibaba intends to subscribe for a registered capital contribution of 2.623 billion yuan in Tianhong Fund at a price of 4.50 yuan per 1 yuan registered capital contribution. Inner Mongolia Junzheng plans to subscribe for a registered capital contribution of 154.29 million yuan in Tianhong Fund at a price of 4.50 yuan per 1 yuan registered capital contribution; the management team of Tianhong Fund plans to subscribe for a registered capital contribution of 565.71 million yuan in Tianhong Fund. After the proposed capital increase and share expansion, the registered capital of Tianhong Fund will increase from 180 million yuan to 514.3 million yuan.
Before the capital increase and share expansion, the shareholding ratio of Tianhong Fund's shareholders was: Tianjin Trust holding 48%, Inner Mongolia Junzheng holding 36%, and Wuhu High-tech Investment Co., Ltd. holding 16%. After the capital increase and share expansion, the shareholding ratio of Tianhong Fund's shareholders will be: Tianjin Trust holding 16.8%, Inner Mongolia Junzheng holding 15.6%, Wuhu High-tech Investment Co., Ltd. holding 5.6%, Tianhong Fund management team holding 11%, and Alibaba holding 51%.
Prior to this, Alipay collaborated with Tianhong Fund to launch "Yu'e Bao". Alipay users can transfer funds into Yu'e Bao to purchase the "Zenglibao" money market fund of Tianhong Fund online.