FINWIRES · TerminalLIVE
FINWIRES

Beijing Yuanliu Hongyuan Electronic Technology to Invest in IT, Aerospace, New Materials Fund

By

Beijing Yuanliu Hongyuan Electronic Technology (SHA:603267) will invest 29 million yuan as a limited partner into an IT, aerospace, and new materials fund, according to a Wednesday filing with the Shanghai bourse.

The listed company's investment will comprise 29% of the Beijing Cuihu Accelerated Growth Venture Capital Fund Partnership, which has a total size of 100 million yuan.

Limited partners Beijing Shichuang Science and Technology Park Development and Construction and Beijing Science and Technology Innovation Fund will invest 40 million yuan and 30 million yuan, respectively, into the fund, and Beijing Guoding Shichuang Investment Management will be the general partner and fund manager with a 1 million yuan share.

Related Articles

Asia

Western Mining Subsidiary to Donate to Tibet Mudslide Victims

Western Mining (SHA:601168) subsidiary Tibet Yulong Copper donated 10 million yuan for mudslide victims in Gyirong County in Tibet, according to a Wednesday filing with the Shanghai bourse.The donation will come from the subsidiary's own funds.Company shares fell 2% during the midday break on Wednesday.

SHA:601168
Asia

Gunkul Engineering Names CFO

Gunkul Engineering (SET:GUNKUL) has appointed Thitawat Asaves as the chief financial officer of the company with effect from Tuesday, according to a same-day filing to the Thai stock exchange.The renewable energy company's shares were down nearly 1% in Wednesday's trade.He takes over from acting CFO Naruechon Dhumrongpiyawut, who resigned from the position effective Aug. 31.

SET:GUNKUL
Asia

Viva Goods Ups Stake in Sportswear Giant Li Ning

Viva Goods (HKG:0933) has purchased 29.6 million shares of Chinese sportswear giant Li Ning (HKG:2331) for HK$398.4 million as an investment, according to a Tuesday bourse filing.The company said it bought the shares through open market transactions at an average price of HK$13.45 apiece.Following the transaction, Viva's stakeholding in Li Ning rose to 16.9%, with ownership of 437.2 million shares.

HKG:0933HKG:2331