Yushi Xincheng No. 1 Private Securities Investment Fund, managed by Yushi Capital Management Co., Ltd. won the auction to acquire 18.81% stake in Wei Long Grape Wine Co., Ltd. for approximately CNY 400 million.

Yushi Xincheng No. 1 Private Securities Investment Fund, managed by Yushi Capital Management (Shenzhen) Co., Ltd. won the auction to acquire 18.81% stake in Wei Long Grape Wine Co., Ltd. (SHSE:603779) for approximately CNY 400 million on December 10, 2020. Yushi Xincheng No. 1 Private Securities Investment Fund will acquire 62.64 million shares of Wei Long Grape Wine.