HK Stock Market Move | Huaqin Co.,Ltd.(03296) rose over 3% in the morning session; recently plans to contribute capital to invest in a partnership, focusing on strategic emerging industries such as integrated circuits.

Huaqin Co.,Ltd.(03296) rose over 3% in the morning session, up 3.12% as of press time, at HK$71.15, with a turnover of HK$20.409 million. On the news front, recently, Huaqin Co.,Ltd. issued an announcement that, to meet the company's development and strategic layout needs, its wholly-owned subsidiary Shanghai Moqin plans to join forces with Guangzhou Qigong Zhilian Equity Investment Partnership (Limited Partnership), Suzhou Guangqi Zhixing Industrial Investment Fund Partnership (Limited Partnership), and other institutions to jointly invest in Beijing Zirui Xinxing Technology Partnership (Limited Partnership), and plans to sign the "Partnership Agreement of Beijing Zirui Xinxing Technology Partnership (Limited Partnership)" in the near future. The total subscribed capital of the partnership is RMB 321.61 million, of which Shanghai Moqin plans to subscribe RMB 100.5 million as a limited partner, accounting for 31.2490% of the total subscribed capital of the partnership. The company's subsidiary is participating in the investment in Beijing Zirui Xinxing Technology Partnership (Limited Partnership). The partnership will focus on strategic emerging industries such as integrated circuits, deeply explore high-quality assets in cutting-edge niche tracks, and strengthen the layout of the upstream and downstream of the industrial chain.