Huaqin to Invest 100 Million Yuan in Partnership Fund; Shares Up 8%

MT Newswires Live06-30

Huaqin (HKG:3296, SHA:603296), through subsidiary Shanghai Moqin Intelligent Technology, will invest 100 million yuan as it enters into a partnership fund, according to a Shanghai bourse filing on Tuesday.

The Chengdu Jichuang Chengyuan Venture Capital Partnership (Limited Partnership) originally aimed to raise up to 208 million yuan in capital, but the total raised capital increased to 308 million yuan after the smart hardware products manufacturer joined the partnership.

The fund's term is up to Feb. 23, 2055, and it primarily invests in early-stage and growth-stage companies related to the healthcare and advanced technology sectors.

Huaqin will own 32.5% of the fund.

The company's shares jumped 8% during the afternoon trade.

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