Ruihe Data Technology Unit to Invest 12 Million Yuan in Venture Capital Fund

MT Newswires Live08-10

Ruihe Data Technology (HKG:3680) said its Shenzhen subsidiary has agreed to invest 11.9 million yuan in a new 100 million yuan venture capital fund, according to a Hong Kong filing.

The fund will be established with PreIPO Capital as general partner and fund manager, while Hainan Baoshu will contribute 88 million yuan.

The unit Ruihe Data Shenzhen will hold an 11.9% interest in the fund, the filing said.

The fund will invest primarily in unlisted companies across emerging and future industries, including new energy, new materials, aerospace, low-altitude economy, quantum technology, biomanufacturing, hydrogen energy, nuclear fusion, and embodied intelligence.

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