Huaqin Technology (03296) saw its shares climb more than 3% before noon, with the stock trading up 3.12% at HK$71.15 as of the time of writing, recording a turnover of HK$20.409 million.

On the news front, the company recently announced that its wholly-owned subsidiary, Shanghai Moqin, plans to jointly invest with institutions including Guangzhou Qigong Zhilian Equity Investment Partnership (Limited Partnership) and Suzhou Guangqi Zhixing Industry Investment Fund Partnership (Limited Partnership) in Beijing Zirui Xinxing Technology Partnership (Limited Partnership), with a partnership agreement expected to be signed in the coming days.

The partnership has a total committed capital of RMB 321.61 million, of which Shanghai Moqin intends to contribute RMB 100.5 million as a limited partner, representing 31.2490% of the partnership's total committed capital.

The investment in the partnership is part of the company's strategic expansion plan, with the partnership set to focus on strategic emerging industries such as integrated circuits, aiming to identify high-quality assets in cutting-edge sub-sectors and strengthen upstream and downstream industry chain positioning.