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Ferrotec An Hui Tech to Inject 50 Million Yuan in Semiconductor Investment Fund

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Ferrotec An Hui Technology Development (SHE:301297) has signed a revised partnership agreement, committing to invest 50 million yuan into a semiconductor investment fund, according to a Shenzhen Stock Exchange filing on Wednesday.

The joint investment will increase the Lu'an Jinghui Chuangxin Equity Investment Fund's total subscribed capital to 650 million yuan from 350.5 million yuan.

The semiconductor and display panel cleaning services company secured a 7.69% stake in the fund as a limited partner.

The fund, managed by Hefei Jinghe Huixin Private Equity, brings together several industry players including Nexchip Semiconductor (SHA:688249) and Shanghai GenTech (SHA:688596). It will focus on investing in semiconductors and related fields, targeting the upstream and downstream of the industry chain.

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