Kingsoft Updates Connected Transaction Agreement
Company Announcements

Kingsoft Updates Connected Transaction Agreement

Kingsoft (HK:3888) has released an update.

Kingsoft Corporation Limited has announced an update on their Connected Transaction, disclosing the replacement of their original partnership agreement with a new one that increases the total subscription contribution of the Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund Partnership to RMB 10 billion. The new agreement retains Kingsoft Wuhan’s original contribution of RMB 500 million while adding RMB 970 million from other original and new partners. The fund’s formation is a significant move, reflecting an increased commitment from involved partners.

For further insights into HK:3888 stock, check out TipRanks’ Stock Analysis page.

Related Articles
Austin AngeloKingsoft Corp (KSFTF) Q3 Earnings Cheat Sheet
TipRanks HongKong Auto-Generated NewsdeskKingsoft to Review Quarterly Financial Results
TipRanks HongKong Auto-Generated NewsdeskKingsoft Reports Strong Financial Growth in 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App