On the GEM issuance review committee held on April 16, Wuhu Changxin Technology Co., Ltd. (hereinafter referred to as Changxin Technology) passed the meeting smoothly. So far, the listed companies invested by China-Belgium Fund, which is controlled by Haitong Securities Co., Ltd., have added a new dimension. In the prospectus (declaration draft) of Changxin Technology, China-Belgium Fund holds 15 million shares, accounting for 11.95% after the issuance. In addition to the China-Belgium Fund, another venture capital company, Hefei Kechuang, also intervened in advance.
ITO conductive glass faucet
The prospectus (declaration draft) shows that the fund-raising investment project "ITO conductive glass project for touch screen" is planned to invest 174 million yuan. The total share capital of the company before the issuance was 94 million shares. The planned public issuance of 31.5 million shares is expected.
Changxin Technology is an enterprise specializing in the R & D, production, sales and service of flat-panel display vacuum film materials in Wuhu City, Anhui Province. After years of development, the company has become an important domestic production base of key basic materials for flat panel displays. According to the statistics of the China Optical Optoelectronics Industry Association Liquid Crystal Branch, the production and sales of ITO conductive glass ranked first in China in 2006, 2007 and 2008.
Data show that in 2007 global touch screen sales reached 1.25 billion US dollars, in 2008 global touch screen sales exceeded 2.3 billion US dollars, by 2015, touch screen output value will exceed 3.3 billion US dollars. In terms of touch screen applications, mobile phones, personal navigation devices, notebook computers, and car GPS navigators are the main markets, with mobile phones being the most important application. The user-friendly interface design of consumer electronics products is intensifying. To meet the demands of convenience, a large number of touch screens will be used. It is expected that the strong demand for touch screens in consumer electronics products will continue unabated in the next few years, which will drive the continued growth of the touch screen market.
Two venture capitals intervene in advance
According to the data of Changxin Technology, the China-Belgium Fund holds 15 million shares, accounting for 11.95% after the issuance. Another Anhui local venture capital company Hefei Kechuang holds 3 million shares, accounting for 3.19%, and 2.39% after the issuance.
Prior to this, the first batch of Zhongyuan Huadian listed on the GEM board also had the name of the China-Belgium fund. Statistics show that since its establishment in 2004, the China-Belgium Fund has invested in about 20 small and medium-sized enterprises. Chenzhou Mining, Yunhai Metal, Goldwind Technology, Hailide, Zhongyuan Huadian and other companies have been listed.
It is particularly worth mentioning that Sino-Belgium Fund entrusted Haifu Industrial Investment Fund Management Co., Ltd. as the fund asset manager. Haifu Industrial Investment Fund Management Co., Ltd. was established by a joint venture between Haitong Securities Co., Ltd. (accounting for 66.67% equity) and Belgium Fortune Fund Management Co. (accounting for 33.33% equity). There is no doubt that with the help of the listing of these companies, Haitong Securities can get a huge income.
In addition, in the list of shareholders of Changxin Technology, another Hefei Kechuang is also among them, with a holding of 3 million shares accounting for 2.39%.
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