Huatian Technology Ties Up With Investors to Set Up Semiconductor Partnership Fund Worth 206 Million Yuan

MT Newswires Live09-16

Tianshui Huatian Technology (SHE:002185), through a subsidiary, partnered with various investors to establish a 206 million yuan partnership fund that will invest in firms developing semiconductors, according to a Shenzhen bourse disclosure on Wednesday.

The fund, which will be named Jiangsu Huatian Shengyu Innovation Growth Investment Fund (Limited Partnership), will have a term of five years.

The Chinese semiconductor testing and packaging company, through subsidiary Xi'an Tianli Investment Partnership (Limited Partnership), will hold 14.6% of the fund after injecting 30 million yuan.

The company's shares rose 1% during afternoon trade.

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