Tongyu Communication Pledges 10 Million Yuan Injection into Partnership Fund

MT Newswires Live07-28 14:33

Tongyu Communication (SHE:002792) committed to invest 10 million yuan into a partnership fund as a limited partner, according to a Shenzhen bourse filing on Tuesday.

The seven-year fund, Qingdao Qiheng Flame No. 3 Venture Capital Fund Partnership (Limited Partnership), will have a fund size of 76.5 million yuan.

The Chinese communications equipment manufacturer will hold about 13% of the fund's capital.

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