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Gekewei: Plans to invest 50 million yuan in a Semiconductors Fund.

Breakings ·  Apr 1 17:31

Gekewei announced that its wholly-owned subsidiary, Gekewei Electronics Co., Ltd., intends to use its own funds of 50 million yuan to subscribe for property shares in Shanghai Huake Zhixin Venture Capital Partnership, accounting for 16.18% of the fund's subscribed capital of 0.309 billion yuan. The fund focuses on investing in the Semiconductors industry and related fields within China. This Trade constitutes a related Trade, but involves no significant Asset restructuring of the listed company. The Trade has been approved by the Board of Directors and does not require submission to the Shareholders' meeting. Gekewei Shanghai has no decision-making seats in fund management and will closely monitor the Operation risks of the fund.

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