FINWIRES · TerminalLIVE
FINWIRES

Giant Network to Invest 150 Million Yuan in Tech Fund; Shares Down 5%

By

Giant Network Group (SHE:002558) agreed to invest 150 million yuan into a technology partnership fund, according to a Saturday disclosure filed with the Shenzhen bourse.

The Shanghai Yunfeng Yuanchuang Private Equity Fund Center (Limited Partnership) aims to raise a fund size of up to 3 billion yuan to invest in industries benefiting from or related to hard and emerging technologies.

The game developer's shares dropped nearly 5% during Monday's afternoon trade.

Related Articles