GCL Energy Technology (SHE:002015), through unit Suzhou Xinsuan, committed 100 million yuan as a limited partner in a 1.00-billion-yuan venture capital fund.
The Shanghai Jieshu venture capital fund will primarily invest in unlisted artificial intelligence enterprises, according to a weekend filing with the Shenzhen bourse.
The fund has a seven-year term with a four-year investment period.
Shares of the solar materials manufacturer closed 1% lower Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.