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Newlink Technology Boosts Stake in Startup Incubator to 20%

MT Newswires ·  05/24 14:24

02:21 AM EDT, 05/24/2022 (MT Newswires) -- Newlink Technology (HKG:9600) is raising its equity interest in the technology-focused startup incubator managed by Fuhua Investment by purchasing an additional 10% stake for 2.28 million yuan ($341,819).

Upon deal completion, Newlink's shareholding in the startup incubator will increase to 20%, according to a late Monday filing.

The software developer said the investment allows it to further explore and incubate outstanding seed projects in the upstream and downstream of the technology industry chain.

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