A MicroPort NeuroTech (HKG:2172) subsidiary agreed to establish an investment fund with a committed capital of 1 billion yuan in partnership with certain other parties on Monday, a same-day filing with the Hong Kong exchange said.
MP NeuroTech Shanghai will contribute 200 million yuan towards for a 20% ownership of the fund.
The other partners of the fund include Shenzhen FoF Investment, Shenzhen Guangming District Guidance Fund Investment Management, Shenzhen Smart Park Operation Service, CICC Pucheng Investment, Shenzhen Kangrui Enterprise Management Partnership, CICC Capital Operation, and China Investment LuckyStone Management.
The fund, tentatively named Shenzhen CICC Neuroscience and Brain-like Intelligence Industry Private Equity Investment Fund, will mainly engage in equity investment, asset and other investment management services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.