Zhejiang Hechuan Technology Fund to Invest in Robotics Subsidiary

MT Newswires Live

05/28

Zhejiang Hechuan Technology's (SHA:688320) investee fund will invest in subsidiary Zhejiang Hechuan Humanoid Robot, according to a Thursday filing with the Shanghai bourse.

Investee fund Quzhou Longyou Hechuan Ginkgo Valley Bionic Robot Venture Capital Partnership, or the Gingko Valley Fund, will subscribe for 2.4 million of the controlling subsidiary's registered capital for 24 million yuan.

Zhejiang Hechuan Technology holds a 41.6667% stake in the Gingko Valley Fund.

Following the investment, Gingko Valley Fund will hold 4.38% of the equity of Hechuan Robot, and the listed company's stake in Hechuan Robot will rise to 60% from 54.74%.

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