GigaDevice's 10 Billion Yuan Partnership Fund Extends Investment Term; Shares Up 9%
MT Newswires Live
Jul 21
GigaDevice Semiconductor (HKG:3986, SHA:603986) said a 10 billion yuan partnership fund extended its investment period, according to a Shanghai bourse filing on Tuesday.
The investment term of Beijing Xiaomi Smart Manufacturing Equity Investment Fund Partnership (Limited Partnership) was extended to five years from four years.
The company, among other partners, will pay an annual management fee that will be 2% of the investment cost of the partners' unrealized investment projects.
The semiconductor company invested 200 million yuan in 2022 as a limited partner to the fund.
The company's Shanghai shares jumped nearly 9% during the late-morning trade Tuesday.
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