Empyrean Technology Nixes Planned 91-Million-Yuan Investment in Related-Party Fund

MT Newswires Live10-14

Empyrean Technology (SHE:301269) terminated its planned 91-million-yuan investment in related party Hefei Zhongwan Juxin Venture Capital Fund, citing adjustments in its investment plan.

Instead, the company said it will pursue direct investment in hardware-assisted verification tools, according to a Shenzhen bourse aftermarket filing on Tuesday.

Shares of the electronic design automation software company were down 1% in recent trade.

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