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On September 16, Huagong Tech disclosed that its wholly-owned subsidiary, Wuhan Huagong Technology Investment Management Co., Ltd., is teaming up with six specialized institutions to co-establish the Wuhan Huagong Ruiyuan No.2 Venture Capital Fund Partnership Enterprise (a Limited Partnership). Huagong Investment intends to allocate up to RMB 76.5 million of its own capital, constituting 21.86% of the fund's initially subscribed capital, thus becoming the second-largest limited partner. The fund will predominantly channel its investments into cutting-edge technological domains, including high-end equipment, intelligent manufacturing, optoelectronics, new energy, novel materials, semiconductors, quantum technology, as well as the convergence of medicine and engineering.
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