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Imeik to Invest 30 Million Yuan in Partnership Fund

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Imeik Technology Development (SHE:300896), through subsidiary Beijing Yuanzhimei Technology, will invest 30 million yuan into a partnership fund as a limited partner, according to a Thursday filing on the Shenzhen bourse.

The Chinese biomedical products manufacturer's shares rose 2% during Friday's afternoon trade.

The fund, Hefei Haolan Chaozhi Venture Capital Partnership (Limited Partnership), aims to raise capital worth 700 million yuan and will have a term of six years, with a three-year investment period and the other three years as the exit period.

The company, through Yuanzhimei Tech, will hold 4.29% of the fund.

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