TREE NEWS update: Longsys announced that its subsidiary Tibet Yuanshi, an LP in Suzhou Puhua Chenguang Venture Capital Partnership, saw the fund’s total committed capital raised to 1.057 billion yuan from 371 million yuan after new LPs joined. Tibet Yuanshi’s stake diluted to 7.57% from 21.56%, with no change to its 80 million yuan contribution. The new LPs are unaffiliated with the company.
Longsys unit’s VC fund commitment scaled to 1.057B yuan
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