Stock Track | YOFC Plummets 5.12% Intraday on Subsidiaries' Investment in Shanghai M&A Fund
Stock Track12-15
YOFC's stock plummeted 5.12% during intraday trading on Monday, following news that its subsidiaries, YOFC Capital and Changxin Bochuang, plan to invest a combined 100 million yuan in the Shanghai M&A Private Equity Investment Fund Phase III.
The fund, with a total committed capital of 830 million yuan, will focus on M&A and equity investments in policy-supported sectors such as high-end manufacturing, integrated circuits, new materials, new energy, and information technology. The investment announcement appears to have unsettled investors, leading to the sharp decline in YOFC's stock price.
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