china everbright limited and haimen municipal government sign strategic partnership agreement to establish a rmb2 billion senior healthcare investment fund
china everbright limited (“cel”, stock code: 165.hk) and the municipal government of haimen signed a strategic partnership agreement today to establish the everbright (haimen) senior healthcare investment fund, a sector-focused investment fund with a target scale of approximately rmb2 billion.
chen shuang, executive director and chief executive officer of china everbright limited, and chen yong, party secretary of haimen, attended the signing ceremony at cel’s headquarters in hong kong. richard tang, executive director and chief financial officer of cel, and shi quping, party standing committee and deputy mayor of the people’s government of haimen, signed the bilateral strategic partnership agreement on behalf of the two parties.
the primary investment focus of the fund includes enterprises operating in elderly care products and services, rehabilitation equipment manufacturers and related healthcare services. the fund also aims to achieve project implementation and resource integration for the entire industry chain.
one of china’s leading cross-border asset management platforms, cel has been aggressively growing its investment in elderly care service sector. in april 2016 cel acquired 67.27% of the shares of beijing huichen nursing home management co., ltd. (“huichen”), a premium elderly care services company in china, becoming the controlling shareholder.
the general partner and administrator of the everbright (haimen) senior healthcare investment fund is everbright (haimen) venture capital investment company ltd., a cel subsidiary. the core investment team will comprise cel investment specialists and huichen industry experts, combining cel’s investment, investment banking, capital operations and asset management excellence with huichen’s upstream and downstream customers, suppliers, partners, industry knowledge and operational experience. in addition, the fund will ride on haimen’s advantages in regional transport, industry, environment, government services, infrastructure and connectivity with shanghai.
the fund’s “capital capability industry resources government support” formula is expected to help promote the development and consolidation of china’s elderly care service sector. cel intends to develop the fund into the most influential industrial investment fund of its kind in the country, in the process bringing substantial returns to investors.
chen shuang, executive director and chief executive officer of china everbright limited, and chen yong, party secretary of haimen, attended the signing ceremony at cel’s headquarters in hong kong. richard tang, executive director and chief financial officer of cel, and shi quping, party standing committee and deputy mayor of the people’s government of haimen, signed the bilateral strategic partnership agreement on behalf of the two parties.
the primary investment focus of the fund includes enterprises operating in elderly care products and services, rehabilitation equipment manufacturers and related healthcare services. the fund also aims to achieve project implementation and resource integration for the entire industry chain.
one of china’s leading cross-border asset management platforms, cel has been aggressively growing its investment in elderly care service sector. in april 2016 cel acquired 67.27% of the shares of beijing huichen nursing home management co., ltd. (“huichen”), a premium elderly care services company in china, becoming the controlling shareholder.
the general partner and administrator of the everbright (haimen) senior healthcare investment fund is everbright (haimen) venture capital investment company ltd., a cel subsidiary. the core investment team will comprise cel investment specialists and huichen industry experts, combining cel’s investment, investment banking, capital operations and asset management excellence with huichen’s upstream and downstream customers, suppliers, partners, industry knowledge and operational experience. in addition, the fund will ride on haimen’s advantages in regional transport, industry, environment, government services, infrastructure and connectivity with shanghai.
the fund’s “capital capability industry resources government support” formula is expected to help promote the development and consolidation of china’s elderly care service sector. cel intends to develop the fund into the most influential industrial investment fund of its kind in the country, in the process bringing substantial returns to investors.