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| Brief Introduction
to Anhui Science and Technology Investment Co. Ltd. |
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Jointly formed by 8 shareholders, Anhui Financial
Department, Anhui Planning Committee, Anhui Science
and Technology Department, Anhui Economic and Trade
Commission, Anhui Agriculture Committee, Anhui International
Trust Company, Anhui Trust Company, and Anhui Hua¡¯an
Security Exchange in July 1999, it was founded to
carry out the provincial economic technology upgrade
plan and to support the development of the industry
and enterprises in high technology. It has registered
capital of 150 million yuan.
Its main functions are to support important hi-tech
industrial programs, to optimize hi-tech programs,
medium and small technology programs in enterprises,
to invest in candidate companies for listing within
Anhui province in accordance with the principle
of capital security, combination, benefit and circulation
and in the form of stock right investment. Its main
investing fields include new material, new technology,
biological projects, new medicine, integration of
optics, machinery and electricity, electric information,
agribusiness, environmental protection and comprehensive
utilization of resources.
Since its establishment, it has followed the intention
of the government to operate commercially and to
actively seek the developing pattern of ¡°investing-hatching-intermediary
service¡± to change science technology results into
products, and it has achieved remarkably. Get hole
of ¡°main business¡± and promote investment in programs
in an all-round way. Investment in the industry
of science and technology is the company¡¯s main
business, and also invariable guiding idea. According
to the rule of ¡° properly selecting, strictly managing¡±,
it monitors every link in investment and actively
promote program investment. By the end of 2002,
it had invested in 19 programs with the matched
fund of 110 million yuan, among which, 3 are holding
subordinates, one is relatively holding subordinate,
and 15 are participating companies.
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