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Huayu Automotive Systems to Inject 300 Million Yuan into Partnership Fund

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Huayu Automotive Systems (SHA:600741), through subsidiary Huayu Automotive Systems (Shanghai), plans to invest 300 million yuan into a partnership fund, according to a Shanghai bourse filing on Tuesday.

The Shanghai Shangqi Shangcheng II Private Equity Investment Fund Partnership (Limited Partnership), which was established in 2012, will increase its committed capital to 3.39 billion yuan.

Huayu will own 8.85% of the partnership fund.

The Chinese automotive parts maker's shares dropped 3% at the close.

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