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FINWIRES

Shenzhen Senior Technology Material Invests 151 Million Yuan in Energy Storage Fund

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Shenzhen Senior Technology Material (SHE:300568, HKG:6067) invested 151 million yuan as a limited partner in the establishment of Shenzhen Yuanzhi Senior Venture Capital Fund Partnership.

The 500-million-yuan industrial fund focuses on the new energy storage industry chain, according to a Wednesday filing with the Shenzhen bourse. The investment gives the company a 30.2% stake in the fund.

Shares of the lithium-ion battery separators manufacturer closed 3% lower on the Shenzhen and Hong Kong bourses on Thursday.

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