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[Fund] Announcement of TTGG PIPE No.3 Private Equity Investment Fund Starting Liquidation

日期: 2020-09-17
浏览次数: 1
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Dear customers:

 

'TTGG PIPE No.3 Private Equity Investment Fund' (hereinafter referred to as the 'fund') managed by TTGG was formally established on May 26, 2016. Up to September 10, 2020, the fund still holds China Everbright Green Environmental Protection Co., Ltd. (hereinafter referred to as the 'Everbright Green Environmental Protection') through TTGG Environmental Protection Industry Private Equity Investment Fund and Changsheng Fund TTGG No.1 Asset Management Plan.

 

The total amount of the fund raised is RMB 211.8 million. As the manager, our company strictly manages and uses the above entrusted funds in accordance with the fund purpose.

 

The duration of the fund will be expired soon, but the projects invested by “TTGG PIPE No.2 Asset Management Plan” have not be fully realized. After all investors’ voting, the proposal by our company of extending the fund's duration was not passed, so it will start the liquidation process until the fund's indirect shares in Everbright Green Environmental Protection were sold.   

 

TTGG Asset Management Group Co. Ltd.

September 10, 2020


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