Brief: Shanghai Industrial Holdings Announces Formation Of Partnership
20/11/2020 12:55
Nov 20 (Reuters) - Shanghai Industrial Holdings Ltd
0363.HK :
* SI DEVELOPMENT ENTERED PARTNERSHIP AGREEMENT WITH SICHUAN
HCIIM,
SIIC VC, AND SICHUAN DEIF
* PARTNERSHIP FORMED TO SET UP FUND TO INVEST PRINCIPALLY IN
ARTIFICIAL INTELLIGENCE INDUSTRIES
* TOTAL CAPITAL CONTRIBUTION BY ALL PARTNERS TO PARTNERSHIP
SHALL
BE RMB610 MILLION
* SI DEVELOPMENT TO CONTRIBUTE RMB100 MILLION IN CAPITAL TO
PARTNERSHIP
Source text https://bit.ly/38ZjpML
Further company coverage: 0363.HK
((Reuters.Briefs@thomsonreuters.com;))
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