Core Viewpoint - China Intelligent Transportation (01900) has announced a commitment to subscribe for Class A shares of HUA SHENG HENG XIN INVESTMENT FUND LIMITED for an amount of $5 million, equivalent to approximately RMB 35.45 million, with terms governed by a private placement memorandum [1] Investment Details - The subscription is made by the company's wholly-owned subsidiary, Weishi International Limited [1] - The fund's primary investment objective is to achieve capital appreciation through investment in a private company registered in the Cayman Islands, which is focused on developing brain-computer interface products [1] Strategic Rationale - The board believes that the subscription will provide the group with a balanced and diversified investment portfolio, as well as potential capital appreciation opportunities [1]
中国智能交通(01900)附属拟500万美元认购基金A类股份