Fiberhome Telecommunication Technologies (600498.SH) terminates its participation in establishing a fund partnership enterprise.
Fiberhome Telecommunication Technologies (600498.SH) announced that the company had previously planned to establish the Fiberhome Venture Capital Fund in partnership with Unicom Zhanxin Private Equity Investment Fund (Wuhan) Limited Partnership and others, with a proposed total subscription of 377 million yuan, accounting for 37.7% of the total investment amount of the fund. Based on the current progress of the relevant work and considering factors such as the company's strategic development plan, after careful study and friendly negotiations with the counterparty, the company has decided to terminate this investment.
Fiberhome Telecommunication Technologies (600498.SH) announced that the company had planned to establish the FireStar Entrepreneurial Investment Fund in partnership with Unicom Warxin Private Equity Investment Fund (Wuhan) Limited Partnership and others, with a planned subscribed capital of 377 million RMB, accounting for 37.7% of the total investment in the FireStar Entrepreneurial Investment Fund. Based on the current progress of relevant work and considering factors such as the company's strategic development plan, after careful study and friendly negotiations with the other party, the company has decided to terminate this investment.
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