SHA:600651

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Shanghai Feilo Acoustics Completes Purchase of 75% Stake in Tech Development Subsidiary

Shanghai Feilo Acoustics (SHA:600651) completed the purchase of a 75% stake in technology development subsidiary Shanghai Yunhan Technology for 43.5 million yuan, according to a Friday filing with the Shanghai bourse.The subsidiary completed its registration procedures and will now be incorporated into the lighting, automotive electronics, and module packaging and chip testing company's financial statements.Company shares slipped 2% during the afternoon session on Friday.

SHA:600651

Asia79d ago

Feilo Acoustics to Invest 50 Million Yuan Into Partnership Fund

Shanghai Feilo Acoustics (SHA:600651) plans to invest 50 million yuan to establish a partnership fund, according to a Shanghai bourse filing on Tuesday.The partnership fund, to be named Shanghai INESA Instrumentation Industry Ecosystem Fund (Limited Partnership), aims to raise capital of 510 million yuan. It will invest in companies in the industrial chain.The smart hardware products manufacturer will own 9.8% of the partnership fund.

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