Jiangsu Sidike New Materials Science & Technology (SHE:300806) terminated its investment in a consultancy partnership, according to a Tuesday after-hours filing with the Shenzhen Stock Exchange.
The listed company agreed to invest up to 16.5 million yuan, equivalent to a 23.5614% stake, as a limited partner.
The termination is based on prudential risk management and resource optimization, according to the filing.
Company shares rose nearly 1% during afternoon trading on Wednesday.
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