China's MGI Tech secures $200 million in fresh funding round

05/13/2019 1:07:00 PM (GMT)

Chinese gene-sequencing equipment company MGI Tech Co Ltd. has landed $200 million in a fresh funding round.

MGI Tech, a unit of Chinese genome giant BGI Group, secured the new funds from backers including Chinese investment bank CITIC Securities.

CITIC Securities invested in the round through an investment fund management subsidiary, Goldstone Investment Ltd.

Additionally, Chinese venture capital firm Green Pine Capital Partners and private equity firm Orient Securities Capital Investment also participated in the round.

MGI Tech Co Ltd.

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