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Dongguan Development to Invest 210 Million Yuan to Jointly Establish Low-Altitude Economy Industry Fund

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Dongguan Development (SHE:000828) subsidiary Jincxin Capital will invest 210 million yuan to jointly establish a low-altitude economy industry fund, according to a Wednesday filing with the Shenzhen bourse.

The 300-million-yuan fund will focus on drones, electric vertical take-off and landing aircraft, guidance systems, aviation motors, lightweight composites, high-energy-density batteries and smart transportation.

The fund has an eight-year term with a four-year investment period and a four-year exit period.

Shares of the highway operator closed 1% lower Thursday.

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