ЗАО Чжэнтай Электрик инвестирует в Hengxu Capital

Investing Network — Decode LP learned that recently, Zhengtai Electric released an announcement. The company’s controlling subsidiary, Taizhou New Energy, intends to jointly sign the《Hangzhou Yijun Equity Investment Partnership Enterprise (Limited Partnership) Partnership Agreement》 (hereinafter referred to as the “Partnership Agreement”) with Hangzhou High-Tech Entrepreneurship Investment Co., Ltd., Wenzhou State-owned Financial Capital Management Co., Ltd., Shanghai SAIC Chuangyuan Venture Capital Partnership (Limited Partnership), Taizhou KeTou Lingchuang Equity Investment Partnership (Limited Partnership), Shanghai Hengxu Chuangling Private Fund Management Co., Ltd., and Shanghai Hengyi Hao Management Consulting Partnership (Limited Partnership). Taizhou New Energy is a wholly owned subsidiary of Zhengtai Aneng Digital Energy (Zhejiang) Co., Ltd. (hereinafter referred to as “Zhengtai Aneng”), a controlling subsidiary of the company. It plans to participate in the investment and establishment of the Yijun Equity Investment Fund with its own raised funds of RMB 90 million. The fund’s fundraising scale is RMB 500 million. The fund manager is Hengxu Capital.

The investment objective of the partnership enterprise is to make equity investments in the investee assets, investments related to equity, and investments permitted by applicable laws, in order to generate good returns for the partners from capital gains.

The partnership enterprise acquires the investee assets that are held and operated as the holding and operating entity for distributed photovoltaic power station projects for households, which are directly or indirectly wholly held by Zhengtai Aneng Digital Energy (Zhejiang) Co., Ltd., through accepting the transfer of equity or other equity-type investments that comply with relevant laws and regulations.

According to the company’s website, Zhengtai Electric is a low-voltage electrical appliance manufacturing enterprise. The company mainly engages in the research, production, and sales of five categories of low-voltage electrical appliances: distribution electrical appliances, terminal electrical appliances, control electrical appliances, power supply electrical appliances, and electronic electrical appliances.

According to the company’s website, Hengxu Capital was established in 2019 and is a market-oriented investment institution with strong industry background support. Its equity investment focuses on investment opportunities such as hard technology and healthy consumption that meet the requirements of national transition and new-quality productive forces. It pays attention to five investment themes: factor innovation, product upgrading, technological spillover, disruptive innovation, and demographic changes. In the asset M&A segment, it mainly focuses on high-quality assets in new energy infrastructure fields such as wind, solar, and energy storage with charging and other applications, and is committed to creating continuous and stable returns for investors.