Shoucheng Holdings Unit Managed Robot Fund Invests in Robot, Medical Devices Companies

MT Newswires Live03-12

Shoucheng Holdings' (HKG:0697) subsidiary-managed limited-partnership fund, Beijing Robot Industry Development Investment Fund, has invested in Xinghaitu (Beijing) AI Technology and TowardPi (Beijing) Medical Technology, a Wednesday Hong Kong bourse filing said.

Xinghaitu (Beijing) AI Technology is mainly engaged in developing "One-Brain-Multi-Form" intelligent robots.

TowardPi (Beijing) Medical Technology focuses on the research, development, and production of high-end ophthalmic medical devices, including ophthalmic imaging diagnostic and treatment equipment.

The company expects that the investments will assist the two companies in accelerating their development pace.

The robot fund is managed by a subsidiary of the company under the group's Shoucheng Capital.

Shares of the investment holding company were up nearly 2% in recent trade.

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