The latest announcement from New Fire Technology reveals that Li Lin holds a 31.25% stake in ABCDE Fund

2024-08-12 17:32:56

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ChainCatcher news, Hong Kong listed company New Fire Technology has released the latest announcement stating that it has signed an asset management service framework agreement with its actual controller Li Lin, to provide asset management services for its affiliated funds, including ABCDE Fund, New World Fund, New Era Fund, and MS Fund, with management fees ranging from 1% to 2%.

The announcement disclosed that as of June 30 this year, the total assets under management of ABCDE amounted to 40 million USD, with Li Lin holding 31.25% of the equity. The total assets under management of New World Fund were 20 million USD, with Li Lin holding 50.00% of the equity. The total assets under management of MS Fund were 18.1 million USD, with Li Lin holding 96.13% of the equity.

According to RootData, the ABCDE has a cumulative number of investment portfolios of 32, including 12 leading projects, such as Bitlayer, bitSmiley, Surf Protocol, UTXO Stack, etc.

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