Bethel Automotive Safety Systems to Inject 198 Million Yuan in Partnership Fund; Shares Up 3%

MT Newswires Live07-16

Bethel Automotive Safety Systems (SHA:603596) will invest 198 million yuan into a partnership fund, according to a Shanghai bourse filing on Wednesday.

Gongqingcheng Bojin Venture Investment Partnership (Limited Partnership) will have a capital of 200 million yuan and will invest in humanoid robotics, automotive intelligence, mobility tech, and low-altitude economy. It may also invest in companies listed on the National Equities Exchange and Quotations or NEEQ.

The Chinese automotive braking systems manufacturer will own 99% of the fund, while the fund's general partner, Xiamen Zonhon Jinding Private Equity Fund Management, will own 1% after investing 2 million yuan.

The company's shares jumped less than 3% during midday trade.

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