On October 15-16, 2024, an important economic cooperation event was held in Meizhou, China. Jiaying Holdings and Alliance Capital officially signed a strategic cooperation agreement in Meizhou City to jointly build an industrial investment fund based on "Meizhou Regional Industrial Cluster + Capital Market", with a total fund size of 2.5 billion RMB and an initial fund size of 1 billion RMB.
According to the agreement, the two parties will establish a deep strategic cooperative relationship in the special investment business of listed companies, equity investment business cooperation, comprehensive consulting of industrial enterprises, information exchange, technical support and training. Among them, the joint establishment of an industrial M&A fund is one of the key points of cooperation between the two sides. The fund will focus on Meizhou's advantageous industries and emerging industries, and promote Meizhou's industrial upgrading and economic development through capital operation and resource integration. Combined with the strategy of "bringing in and going out" in Meizhou, the fund will set up permanent "investment + enterprise listing incubation" offices in Meizhou City, Beijing and Shenzhen, organize special professional teams, implement the introduction of various high-quality enterprises and listed companies in Meizhou, and cultivate and incubate local enterprises in Meizhou to be listed in China A-shares, Hong Kong and Hong Kong stocks, United States NASDAQ and other capital markets. The industrial chain cluster driven by the fund will also become a model for attracting investment in the "Rongwan Advanced Demonstration Zone", providing assistance for local investment promotion and further driving economic development.
At the symposium on October 15, Chen Xiaohua, Chairman of Jiaying Holdings, and Li Ming, Chairman of Alliance Capital, respectively introduced the basic situation and development strategy of their respective companies and the work plan of the follow-up fund. The two sides said that they would take this cooperation as an opportunity to give full play to their respective advantages and achieve mutual benefit and win-win results.
Subsequently, at the signing ceremony held in the conference room of Jiaying Holdings, representatives of both parties officially signed a strategic cooperation agreement. The participants included Guan Ting, General Manager of Jiaying Holdings, Yu Yudong, Deputy General Manager, Yan Hongyu, Executive Vice President of Alliance Capital, and Lu Haiwei, Vice President of Alliance Capital. At the signing ceremony, the two sides also revealed the specific scale and investment plan of the industrial fund. The total size of the fund will reach 2.5 billion RMB, with an initial scale of 1 billion RMB. The fund will mainly invest in advanced manufacturing, modern service industry, strategic emerging industries and other fields in Meizhou.
The two sides also had in-depth exchanges on the details of the cooperation and expressed their expectations and confidence in future cooperation. This cooperation will not only help improve the level of financial services in Meizhou, but also inject new vitality into Meizhou's industrial upgrading and economic development.
The delegation of Alliance Capital also included Zhou Yubin, Chairman of Letong Chemical, Zhou Yejun, CEO of Dasun, and other relevant leaders, as well as a number of well-known entrepreneurs and investment experts. They expressed their confidence in the investment environment and development prospects of Meizhou City, and had a strong interest in participating in the Meizhou Industrial Fund, and looked forward to carrying out more industrial cooperation with Meizhou City in the future.
With the in-depth cooperation between the Meizhou Municipal Government and Yinghe Capital, more unicorn companies will benefit from the cooperation between the two parties and accelerate their incubation and growth. Dasun will rely on the advantages of the fund to accelerate the industrial implementation in Meizhou, help the local green and low-carbon transformation, promote the high-quality economic development of Meizhou, and achieve a new chapter of mutual benefit and win-win results.
