HK Stock Market Move | LONGCHEER (09611) rose nearly 4% at the close. In recent days, its subsidiary, Haikou Longqi, plans to invest in a semiconductor fund.

LONGCHEER (09611) rose by nearly 4% at the close of trading, rising by 3.74% to HK$52.65 at the time of writing, with a trading volume of HK$67.789 million. On the news front, LONGCHEER announced that its wholly-owned subsidiary, Haikou LONGCHEER Investment Co., Ltd. (hereinafter referred to as "Haikou Longqi"), signed a partnership agreement with Shanghai Huake Zhi Xin Entrepreneurial Investment Partnership Enterprise (Limited Partnership) ("Huake Zhi Xin" or "Partnership Enterprise") on May 15, 2026. Haikou Longqi plans to subscribe for 2,000,000 RMB of capital in Huake Zhi Xin as a limited partner with its own funds, accounting for 2.91% of the total subscribed capital. The Partnership Enterprise focuses on investing in related enterprises in China (including those located outside of China, but with their main operations in China or planning to relocate to China after investment) engaged in the semiconductor industry and related fields in the industrial, automotive, new energy, high-tech, and electronics sectors of the semiconductor industry chain (including software and service businesses). The partnership agreement signed by the company this time will help the company leverage the resources and investment experience of professional investment institutions, reserve high-quality targets, reduce investment risks, further enhance the company's competitive strength, and meet the strategic development needs and interests of all shareholders.