HK Stock Market Move | MICROPORT NEURO(02172) rose by over 5%, contributing 200 million RMB to establish an investment fund to support the development of the neuroscience and artificial intelligence industries.

MICROPORT NEURO (02172) rose more than 5%, up 5.59% at the time of writing to HKD 9.25, with a trading volume of 1145.99 million HKD. On the news front, MICROPORT NEURO announced that after the market closed on December 16th, MicroPort MedBot (Shanghai) Co., Ltd. (a wholly-owned subsidiary of the company) entered into a partnership agreement to establish an investment fund with Shenzhen Guidance Fund, Guangming District Guidance Fund, Shenzhen Smart Park, CICC Pu Cheng, Shenzhen Kangrui, CICC Capital and CICC Rui Shi. The total capital amount to be contributed by all partners under the partnership agreement is RMB 1 billion, with MicroPort MedBot (Shanghai) contributing RMB 200 million. After the establishment of the investment fund, MicroPort MedBot (Shanghai) will hold a 20% equity interest and will not become a subsidiary of the company. The investment fund will engage in equity investments, asset management services, and other investment management services through private equity funds. All investments made by the investment fund will be in the field of neuroscience and artificial intelligence. The company stated that the investment fund aims to support the development of the neuroscience and artificial intelligence industry, which aligns with the company's future development direction.