Wuxi Little Swan Invested by Jiuding Capital and SCGC
According to PEdaily.cn news on May 5th, Wuxi Little Swan Precision Casting Co., Ltd. (Wuxi Little Swan) have signed formally an investment agreement with Jiuding Capital Co., Ltd. (Jiuding Capital), Shenzhen Capital Group Co., Ltd. (SCGC), Fobus Capital, etc.. By the agreement, Wuxi Little Swan would receive an investment exceeding 100 million yuan.
Wuxi Little Swan is a joint venture by Yixing Yintian Business& Trade Co., Ltd. and Hong Kong Xizhou International Co., Ltd.. Facilitated with internationally leading DISA casting equipment, casting technology and test equipment, the company has an asset of 150 million yuan. It is reported that currently Wuxi Little Swan has an annual casting production reaching 30,000 tons. The company is focusing on production of casting products for such fields as compressors, automobiles, water pumps, and its downstream clients include Chinese and international household appliances companies including Panasonic, Siemens, WLO, Cummins, NVCC, etc..
Consumption industry has always been one of the investment sectors particularly paid attention to by Jiuding Capital and SCGC. Since its launching, Jiuding Capital has invested several companies in the consumption industry including HQLS, Lancy Dress, Jingya Food, etc.. SCGC have invested in more than 300 projects as now, among which consumption companies takes up a very large share.