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China Resources Microelectronics to Invest 194 Million Yuan in Semiconductor Partnership Fund; Shares Up 6%

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China Resources Microelectronics (SHA:688396) plans to invest 193.9 million yuan into a partnership fund that will be established with three other investors, according to a Thursday disclosure on the Shanghai bourse.

The company, through two subsidiaries, will own 16.2% of Runke (Chongqing) Equity Investment Fund Partnership (Limited Partnership), which will focus on core semiconductor equipment, core components, key consumables and high-end chip design.

The Chinese semiconductor manufacturer's shares jumped 6% during the afternoon trade.

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