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Visual China Subsidiary's Investee Fund Reduces Share Capital Following Partner Withdrawal; Shares Rise 4%

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A fund invested in by Visual China (SHE:000681) subsidiary Beijing Huaxia Visual Technology reduced its total registered capital to 93.5 million yuan from 143.5 million yuan, according to a Monday filing with the Shenzhen Stock Exchange.

Xinxin Xiangrong (Tianjin) AI Venture Capital Partnership partner Wei Zelong withdrew his 50 million yuan investment into the fund, the filing said.

Shares rose 4% during afternoon trading on Monday.

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