Empyrean Technology to Invest in Electronic Design Automation Fund

MT Newswires Live

Aug 25

Empyrean Technology (SHE:301269) will invest 91 million yuan as a limited partner of a fund aimed at expanding the company's electronic design automation sector footprint, according to a Monday after-hours filing with the Shenzhen bourse.

The Hefei Zhongwan Juxin Venture Capital Fund Partnership will have a fund size of 361.1 million yuan.

Guangdong-Hong Kong-Macao Greater Bay Area Science and Technology Innovation Industry Investment Fund will invest 270 million yuan to the fund as a limited partner, while Zhongwan Private Equity Fund Management will invest 100,000 yuan as general partner.

Company shares jumped 1% on Tuesday afternoon.

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