Xi'an Eswin Materials Technology (SHA:688783) will invest up to 40 million yuan in a pre-A+ funding round for Zhuhai Yiyuan Technology, according to a Friday filing with the Shanghai bourse.
Zhuhai Yiyuan Technology seeks to raise between 100 million yuan and 200 million yuan in a funding round.
The glass manufacturer plans to use the proceeds for capacity expansion, equipment procurement, and technology upgrades.
Assets under management (AUM) in China's private fund sector jumped to 23.46 trillion yuan as of the end of April from 20.22 trillion yuan a year earlier, the South China Morning Post reported Friday, citing the Asset Management Association of China.The rise is attributable to market confidence and higher technology-related investments, the report said.Investments in the private equity and venture capital market grew 25% year over year to 234.4 billion yuan in the first quarter, the SCMP said, citing Zero2IPO Research.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Concord New Energy (HKG:0182, SGX:SEG) unit Fengning Manchu Autonomous County Juting New Energy Development will sell to lease back certain assets to Industrial Bank Financial Leasing for 840 million yuan, according to a Friday Hong Kong bourse filing.The assets, comprising certain auxiliary facilities and solar power and energy storage equipment for a power station, will then be leased back to the lessee for 14 years for roughly 1.04 billion yuan.
Nanta Tech (BOM:544668) Chief Financial Officer Vaishali Prashantbhai Jagani has resigned effective Friday, due to personal reasons, according to a same-day filing on BSE.