Chint Electric invests in Hengxu Capital

Jiedi Investment Network—Decoding LP learned that recently, TAIYE Electric Appliances released an announcement. Its controlling subsidiary, Taizhou New Energy, plans to jointly sign the “Hangzhou Yijin Equity Investment 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 Ke Tou 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 intends to use self-raised funds to contribute RMB 90 million to participate in and establish the Yijin Equity Investment Fund. The fund’s fundraising size 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, investments related to equity, and investments permitted by applicable laws, so as to provide partners with strong returns from capital gains.

Through acquiring equity or other equity-type investments that comply with relevant legal and regulatory requirements, the partnership enterprise acquires, as the investee, Taizhou Aneng Digital Energy (Zhejiang) Co., Ltd. directly or indirectly held by way of wholly-owned ownership, which serves as the holding and operating entity for residential distributed photovoltaic power station projects.

According to the company’s official website, Zhengtai Electric Appliances 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 products: distribution electrical appliances, terminal electrical appliances, control electrical appliances, power-supply electrical appliances, and electronic electrical appliances.

According to the company’s official website, Hengxu Capital was established in 2019. It is a market-oriented investment institution supported by a strong industrial background. Its equity investment focuses on investment opportunities that meet the country’s requirements for industrial transformation and new-quality productive forces, such as hard technology and healthy consumption. It pays attention to five investment themes: factor innovation, product upgrades, technological spillover, disruptive innovation, and changes in population. In the asset mergers and acquisitions segment, it focuses on high-quality assets in new-energy infrastructure areas such as wind, solar, storage, and charging, and is committed to creating sustained and stable returns for investors.