Zhongji Innolight Subsidiary Invests in Venture Capital Fund; Shares Rise 3%

MT Newswires Live

08/12

Zhongji Innolight (SHE:300308) subsidiary Chengdu Zhihe Optoelectronic Technology will invest about 27.5 million yuan to become a 90% limited partner in a venture capital fund, according to a Wednesday filing with the Shenzhen bourse.

The Suzhou Qianrong Shenrun Venture Capital Partnership fund has a total size of 30.5 million yuan with a nine-year term.

Jiangsu Qianrong Science and Technology Innovation Industrial Park Management will invest 2.1 million yuan for a 6.72% stake, while Jiangsu Qianrong Capital Management will invest 1 million yuan for a 3.28% stake.

Shares rose 3% during morning trading on Wednesday.

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