Zhe Shang Venture Company (ZSVC) yesterday signed a contract with Beijing Kehua Microelectronics. The Beijing Kehua Microelectronics is scheduled to receive the first 15 million yuan investment from ZSVC.
As the first private equity investor in Zhejiang Province, ZSVC was established November 16, 2006. It has planted a hefty sum amounting to one billion yuan into its initial pool of venture capital that primarily focuses on Pre-IPO business.
This year many private equity firms have appeared in the province. An insider reflected that the fiscal retrenchment has come as an ordeal for the medium-and-small sized enterprises that need investment injections, but would also provide an opportunity for private equity firms.
For more details, please read the full story in Chinese. (http://www.caijing.com.cn/home/todayspec/2007-12-19/42222.shtml)
(China.org.cn December 19, 2007)