From May this year and guided the Suzhou Industrial Park venture capital fund ( "park guide the Fund") signed a letter of intent the day, the ear-food venture capital firms ( "Sui-wah") is on some special, it almost Only invest in a sector - food and drink, and such a venture in the mainland is not common.
July 1, United Group's Hong Kong-listed companies in the unified control (00220. HK) a notice has opened, the mystery of Sui. At that time, Ms. Xie, chief financial officer charged in the reunification of the "First Financial Daily" confirmed that the Sui-wah, will aim at the future investment in addition to instant noodles, fruit juices from the food and beverage companies, aims to further expand the mainland reunification of food and beverage market stoning ask for directions.
Park guide the venture capital investment fund manager Wang Jipeng yesterday on the "First Financial Daily" confirmed that the park guide, the Fund has committed to the ear injection of 100 million yuan, currently awaiting approval of the Ministry of Commerce listed.
In this largest of the Sino-foreign joint ventures 614 million yuan in funds, in the reunification of the two mainland-funded subsidiary of a total of 245 million yuan, Suzhou park guide the fund invested 100 million yuan, Singapore UOB Bank and the reunification of the two - Offshore investment company to the remaining capital. The reunification of control, a wholly owned subsidiary, Zhengzhou, unity and reunification of Chengdu, Guangzhou respectively to the injection of 122 million yuan, each the size of 19.873 percent.
The other two investors, is China F & B Capital and Greater China F & B. The former is a unified control in Singapore, UOB and a 50 per cent in the Cayman Islands Notes the establishment of the company, which is one registered in Hong Kong with limited liability, as a Bank and China F & B Capital common holders. Greater China F & B to the level of about 263 million yuan, accounting for the size of the ear, 42.98%.
As China's market-oriented operation of the first to guide the venture capital funds, the Suzhou Industrial Park guide the Fund was established in March 2006, the National Development Bank and the new Suzhou Industrial Park Venture Co. Ltd. (now the Suzhou venture capital subsidiary of the Group) of the investor 500 million yuan to set up the first phase of the guidance of 10 billion fund.
Wang Jipeng said, as early as 2007 to guide the park on the ear, and the fund management began negotiations, due diligence is also very smooth, in fact, the process early this year has been basically completed.
May this year, the Fund announced that the park guide and Germany with the capital, Softbank China, Chile-based venture capital, and Lee and Jiangsu letter-chuen, five joint ventures set up venture capital funds yuan, and the latter injection of 392 million yuan, including Sui-wah Another five, venture capital organizations have signed a cooperation letter of intent.
Wang Jipeng, in the other four signed letters of intent in the venture, JAIC (Suzhou) Co., the fastest progress of the current venture capital, while the remaining dry-long, the Jinsha River and the Northern Lights.
And the park has been listed RMB foreign funds, the organizational form of ear-called "illegal-a-foreign cooperative enterprises," this is puzzling Zhating under the name of the park in Suzhou venture has already started to practice.
Wang Jipeng, "said the illegal-a-venture companies" is within the framework of national laws and the "limited partnership" the most similar to the structure, the tax can be reduced to some extent the possibility of double taxation. Illegal system of the people "must-investors," equivalent to general partner (GP), "other investment" equivalent to limited partner (LP).
So far, the illegal-a-venture enterprises in the organizational form is still the first choice of foreign investment funds yuan. Although the "Partnership Enterprise Law" from the beginning of the implementation of last year, but only against the law-funded venture capital enterprises develop, overseas enterprises and foreign individuals in China or set up partnership enterprises in investment-related matters, the State Council is formulating relevant laws, Has not yet been promulgated
