Jade Road Investments Ltd (AIM:JADE) said it received the second US$400,000 payment from Meize Energy Industries Holdings Ltd as part of its partial divestment of the wind turbine blade manufacturer.
Shares in Jade Road were up 7.8% at 6.88 pence in London following the announcement.
Jade Road said it expects to receive the third payment next month.
The London-quoted investment vehicle previously announced it agreed to sell 112,500 Series B shares in Meize for a total US$1.2mln.
Jade Road will hold a 6.3% stake in Meize, one of the largest wind turbine makers in China, following its partial divestment.