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SMS Electric Zhengzhou Subsidiary Invests 14 Million Yuan into Venture Fund

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SMS Electric Zhengzhou (SHE:002857) subsidiary Shanghai Sanhui Xinneng Energy Technology invested 14 million yuan into Kunshan Taimingsong Investment Center.

Kunshan Taimingsong Investment Center, in turn, subscribed for 11.5 million yuan for a 17.24% stake in Changzhou Fubin Venture Capital Partnership.

The 66.7-million-yuan fund, managed by Shanghai Zibin Investment, has a 10-year term with a five-year investment period.

Shares of the electricity metering instrument producer closed 3% lower Monday.

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