HyUnion Holding (SHE:002537) plans to invest 10 million yuan into a five-year partnership fund, according to a Saturday filing on the Shenzhen bourse.
The Chinese auto electrical equipment maker's shares rose 2% during Monday's afternoon trade.
The company will own 18.8% of the Ningbo Shuteng Venture Capital Partnership (Limited Partnership), which will invest in companies within the digital technology sector.
Ningbo Shuteng Venture Capital plans to raise a total of 53.1 million yuan.
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