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On October 27, Xinhua Chemical made an announcement stating that its subsidiary, Zhongjinghui, along with its affiliated entity, Jiande Chanya Development, plans to co-invest 42 million yuan to establish the Haifeng Jianxin Equity Investment Partnership. Specifically, Zhongjinghui will inject 10.9 million yuan, securing a 25.952% equity stake, while Jiande Chanya Development will contribute 30 million yuan, holding a 71.429% stake. This partnership is earmarked for investing in the equity of Hangzhou Bibo Semiconductor Co., Ltd. Bibo Semiconductor specializes in the research, development, design, and marketing of wireless communication chips, with a particular emphasis on 5G RedCap chips. It offers a comprehensive communication solution that integrates 'sky, land, sea, and space' communications, centered around 'lightweight 5G + satellite communication'.
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