china everbright limited acquires additional stake to become haiyin fund’s largest investor
business related 05 apr 2016
china everbright limited (“cel”, stock code: 165.hk) announced today that it is now the largest investor of the haiyin capital-managed haiyin equity investment fund l.p. (“haiyin fund” or the “fund”) with co-investment rights, following an additional investment of us$15 million made in march 2016. cel invested us$8 million in the fund in june 2015.
cel said the recent investment is in line with the company’s strategy to expand its overseas investment and asset allocations. through haiyin fund, cel will invest in high-tech enterprises in the u.s. and share in potential returns from the development and growing maturity of early-stage high technologies. cel will also introduce its investee projects into mainland china in cooperation with haiyin capital, broadening cel’s pipeline of high-quality projects in the chinese market and driving synergy.
haiyin fund specialises in investing in early-stage projects in the u.s. high-tech sector, with focus on fast-growing industries such as electronics, wearable equipment, robotics, aerospace, fintech, new energy and healthcare. while grasping the growth potential of the u.s. high-tech industries, haiyin fund is also committed to bringing emerging business models and technologies into china and building partnerships with local chinese enterprises.
currently, haiyin fund has an equity stake in more than 10 projects. these include terrafugia inc., an aerocar manufacturer operating in aviation and intelligent transportation. terrafugia has completed its initial product r&d phase and concluded a series of cooperation plans with a major automobile manufacturer in china. it also received a new round of investment from the automobile manufacturer. new energy company witricity corporation is a developer of magnetic resonance battery-charging technology, with a wireless charging technology that is already applied in a number of areas including personal computers and electric cars. its specially manufactured chips have already been built into the latest products of some internationally renowned brands including intel and toyota. in the future, it is expected to have extensive applications in a number of fields. hanson robotics company manufactures intelligent robots and develops interactive emotive and voice technology. the company is expected to claim a larger market share for promotional, display, educational and medical rehabilitation products. also, angellist llc is a fintech company and one of the world’s leading crowd-funding platforms for venture capital investment. subsequent to the investment from haiyin, the company also received the investment from a chinese investment institute.
cel said the recent investment is in line with the company’s strategy to expand its overseas investment and asset allocations. through haiyin fund, cel will invest in high-tech enterprises in the u.s. and share in potential returns from the development and growing maturity of early-stage high technologies. cel will also introduce its investee projects into mainland china in cooperation with haiyin capital, broadening cel’s pipeline of high-quality projects in the chinese market and driving synergy.
haiyin fund specialises in investing in early-stage projects in the u.s. high-tech sector, with focus on fast-growing industries such as electronics, wearable equipment, robotics, aerospace, fintech, new energy and healthcare. while grasping the growth potential of the u.s. high-tech industries, haiyin fund is also committed to bringing emerging business models and technologies into china and building partnerships with local chinese enterprises.
currently, haiyin fund has an equity stake in more than 10 projects. these include terrafugia inc., an aerocar manufacturer operating in aviation and intelligent transportation. terrafugia has completed its initial product r&d phase and concluded a series of cooperation plans with a major automobile manufacturer in china. it also received a new round of investment from the automobile manufacturer. new energy company witricity corporation is a developer of magnetic resonance battery-charging technology, with a wireless charging technology that is already applied in a number of areas including personal computers and electric cars. its specially manufactured chips have already been built into the latest products of some internationally renowned brands including intel and toyota. in the future, it is expected to have extensive applications in a number of fields. hanson robotics company manufactures intelligent robots and develops interactive emotive and voice technology. the company is expected to claim a larger market share for promotional, display, educational and medical rehabilitation products. also, angellist llc is a fintech company and one of the world’s leading crowd-funding platforms for venture capital investment. subsequent to the investment from haiyin, the company also received the investment from a chinese investment institute.
