-- Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) agreed to invest $3.6 million in Nasdaq-listed U Power for an 8.70% stake in the business, according to a Hong Kong bourse filing Monday.
Shares of the hydrogen energy equipment provider fell over 1% in morning trade Tuesday.
Guofu Hydrogen said the subscription is a long-term investment which "may bring positive returns."