Bestechnic (Shanghai) (SHA:688608) will purchase shares held by subsidiary Hainan Wendao Rifei Venture Capital in a technology and advanced manufacturing fund, according to a Friday filing with the Shanghai bourse.
The transfer price will be based on the paid-in capital contribution of 50 million yuan or a fair value evaluation of the shareholding in the Shanghai Quqing Ruxu Venture Capital Partnership, the filing said.
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