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Xiamen Changelight to Invest 153 Million Yuan In Partnership Fund

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Hisense Visual Technology's (SHA:600060) unit, Xiamen Changelight (SHE:300102), plans to invest 153 million yuan into a partnership fund, according to a Shanghai bourse filing on Thursday.

Changelight will own 50.8% of Xiamen Luxiang Qianjian Emerging Industry Equity Investment Partnership (Limited Partnership), which will have a committed capital of 301 million yuan.

Luxiang Qianjian will invest in companies within the aerospace industry chain. The partnership fund's partnership term is 20 years and the fund duration is 10 years.

Hisense's shares slipped by less than 2%, while Changelight's shares rose by 2% during the afternoon trade.

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