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