Neusoft Reach Automotive Technology Co., Ltd. announced that it has received CNY 650 million in funding from Virtue Capital Management, LLC, SDIC Capital Co.,Ltd
October 10, 2021
Share
Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. announced that it has received CNY 650,000,000 in a round of funding led by SDIC Capital Co.,Ltd on October 11, 2021. The transaction included participation from Virtue Capital Management, LLC. As a part of the transaction, SDIC Capital Co.,Ltd has invested CNY 600,000,000 for 9.3% stake and Virtue Capital Management, LLC for CNY 50,000,000 for 0.78% stake.
SDIC Capital Co., Ltd, formerly SDIC Essence (Holdings) Co., Ltd, is a China-based company principally engaged in the securities business. The Company operates through five segments. The Brokerage segment manily includes brokerage business of securities and futures and the agent sales of financial products. Entrusted Asset Management segment mainly includes the pooled asset management, directional asset management and specific asset management. Proprietary Business segment mainly invests the Companyâs funds in equity securities, fixed income securities and derivatives and is involved in the market making business in the new over-the-counter (OTC) market. Investment Banking segment includes stock financing, bond financing, mergers and acquisitions and financial advisory services. Margin Trading segment includes margin trading, stock pledged repo and agreed-to-repurchase securities.
Neusoft Reach Automotive Technology Co., Ltd. announced that it has received CNY 650 million in funding from Virtue Capital Management, LLC, SDIC Capital Co.,Ltd
SDIC CAPITAL CO.,LTD 
