Kingfa Sci & Tech Invests 50 Million Yuan into Fund
Kingfa Sci & Tech (SHA:600143) injected 50 million yuan into the Hubei Youshan Changjiang Investment Partnership as a limited partner in the fund, according to a Tuesday disclosure to the Shanghai Stock Exchange.The investment is equivalent to a 4.5746% participation in the fund.Following the investment, the fund size will grow to 1.09 billion yuan from a little over 1.00 billion yuan, with a target of 2 billion yuan.Shares rose 1% during the midday break on Tuesday.