Fibocom Wireless (SHE:300638, HKG:0638) subsidiary Fibocom Investment plans to invest 50 million yuan for a 5.56% stake in a newly established private equity fund, according to a Shenzhen bourse aftermarket filing on Wednesday.
Shenzhen Qianhai Kunpeng Artificial Intelligence Terminals and Applications Industry Private Equity Investment Fund, with a 10-year term and a six-year investment period, will target AI terminal and application-related industries.
Shares of the wireless communication module maker were down 4% Friday on the Shenzhen bourse and 4% in Hong Kong.
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