Shanghai Stonehill Technology's Subsidiary to Invest 30 Million Yuan in Shangce Xingrong Fund Targeting IC Industry

Stock News11-24

Shanghai Stonehill Technology Co., Ltd. (002195.SZ) announced that its wholly-owned subsidiary, Hainan Ruihong Venture Capital Co., Ltd., has recently partnered with multiple investors including Shanghai Guoce Investment Management Co., Ltd. to participate in the establishment of Shanghai Shangce Xingrong Core Equity Investment Fund Partnership (Limited Partnership).

The subsidiary signed the partnership agreement as a limited partner, committing 30 million yuan, representing 7.5% of the total subscribed capital of 400 million yuan. The fund will primarily focus on the integrated circuit industry, engaging in equity investments and related activities to achieve capital appreciation.

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