China Everbright Limited investee Hengrun Heavy Industries listed on Shanghai Stock Exchange A-share market
Jiangyin Hengrun Heavy Industries Co., Ltd. ("Hengrun Heavy Industries", stock code: 603985.SH), an investee of China Everbright Limited ("CEL", stock code: 165.HK), has been listed on the A-share market of the Shanghai Stock Exchange. CEL holds 3 million shares of the project, accounting for 5% of the shareholding before the offering and becoming the latest CEL investment to successfully complete an IPO.
Hengrun Heavy Industries was approved by the Public Offering Review Committee of the China Securities Regulatory Commission on 6 April 2017, and obtained the approval for IPO on 14 April 2017.
Hengrun Heavy Industries is mainly engaged in the R&D, production and sales of rolled ring forgings, forging flanges and other free forgings. The products are primarily used in the wind power, petrochemical, metal pressure tank, machinery, vessel and nuclear power industries. The company intends to become a leading enterprise supporting high-end equipment manufacturing and is working to build its brand in the domestic and international markets.
Hengrun Heavy Industries is invested and managed by Everbright Huiyi Weiye Capital Management (Beijing) Co., Ltd. ("Everbright Huiyi Weiye "), CEL’s venture capital investment and new energy fund management platform. Everbright Huiyi Weiye, established in April 2007 by professionals with extensive industry and investment experience, focuses on investing in high-tech, high-growth small and medium-sized enterprises in the start-up and growth stages. Everbright Huiyi Weiye exits investments mainly through domestic listing and M&A.
Until now, Everbright Huiyi Weiye manages RMB4.11 billion in funds and 31 investment projects, among which four have completed IPOs, 11 have been listed on the NEEQ(the “New Third Board”), 11 have been exited, of which two have been exited through M&As with listed companies. Beijing Hanbang Technology Company Limited (“Hanbang Gaoke”), an exited project of Everbright Hui Yi Weiye was recently awarded “Best Exit Case” at 2017 China Venture Capital Golden Eagle Awards.
For more information about Hengrun Heavy Industries, please visit www.hrflanges.com
Hengrun Heavy Industries was approved by the Public Offering Review Committee of the China Securities Regulatory Commission on 6 April 2017, and obtained the approval for IPO on 14 April 2017.
Hengrun Heavy Industries is mainly engaged in the R&D, production and sales of rolled ring forgings, forging flanges and other free forgings. The products are primarily used in the wind power, petrochemical, metal pressure tank, machinery, vessel and nuclear power industries. The company intends to become a leading enterprise supporting high-end equipment manufacturing and is working to build its brand in the domestic and international markets.
Hengrun Heavy Industries is invested and managed by Everbright Huiyi Weiye Capital Management (Beijing) Co., Ltd. ("Everbright Huiyi Weiye "), CEL’s venture capital investment and new energy fund management platform. Everbright Huiyi Weiye, established in April 2007 by professionals with extensive industry and investment experience, focuses on investing in high-tech, high-growth small and medium-sized enterprises in the start-up and growth stages. Everbright Huiyi Weiye exits investments mainly through domestic listing and M&A.
Until now, Everbright Huiyi Weiye manages RMB4.11 billion in funds and 31 investment projects, among which four have completed IPOs, 11 have been listed on the NEEQ(the “New Third Board”), 11 have been exited, of which two have been exited through M&As with listed companies. Beijing Hanbang Technology Company Limited (“Hanbang Gaoke”), an exited project of Everbright Hui Yi Weiye was recently awarded “Best Exit Case” at 2017 China Venture Capital Golden Eagle Awards.
For more information about Hengrun Heavy Industries, please visit www.hrflanges.com
