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JIC Capital partners with SPDB

2015-02-03

JIC Capital and SINOMACH Heavy Industry Corp. signed an investment agreement at the end of 2014 in Beijing to create a RMB 200-million fund capital increase in SINOMACH Heavy Industry (Changzhou) Excavator Co., Ltd. “The deal is a result of the strategic partnership between JIC and SPDB,” said the head of JIC Capital, “which aims to create a healthy environment for JIC Capital to work with its banking partners.”
In April 2014, JIC and SPDB signed a strategic partnership in Shanghai. Under this agreement, the two sides will co-operate in traditional business such as fund management and financing. JIC Capital and SPDB have discussed over a number of business opportunities since then and agreed on launching jointly the equity project for SINOMACH Heavy Industry (Changzhou) Excavator Co., Ltd.
In August 2014, JIC Capital signed an M&A strategic partnership with SPDB Beijing to receive a preliminary RMB 2 billion financial support.

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Homepage » News » JIC Capital partners with SPDB