Fujian Huaqing Electronic Material Technology Co., Ltd. announced that it has received funding from Shanghai Shangqi Investment Management Partnership Enterprise (Limited Partnership), SAIC Group Strategic Direct Investment Fund, China Automobile Capital Holding Co., Ltd., Oriza Houwang Investment Management Co., Ltd., Zhengqi Capital Holdings Limited, Zhuhai Huajin Capital Co., Ltd.
October 23, 2023
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Fujian Huaqing Electronic Material Technology Co., Ltd. announced that it has raised hundreds of millions of yuan in Series C funding on October 24, 2023. The transaction included participation form new investors Shanghai Shangqi Investment Management Partnership Enterprise (Limited Partnership) and SAIC Group Strategic Direct Investment Fund. Other investors include China Automobile Capital Holding Co., Ltd, Oriza Houwang (Suzhou) Investment Management Co., Ltd., Zhengqi Capital Holdings Limited., Zhuhai Huajin Capital Co., Ltd, etc.
Zhuhai Huajin Capital Co. Ltd. specializes in the design, manufacturing and marketing of electronic products. The products include electrolytic capacitors, cabling products, electronic components, software, etc. The group also proposes technologic and computing services (network engineering, training, software development services, etc.) and develops a power production activity.
China accounts for 94.7% of net sales.
Fujian Huaqing Electronic Material Technology Co., Ltd. announced that it has received funding from Shanghai Shangqi Investment Management Partnership Enterprise (Limited Partnership), SAIC Group Strategic Direct Investment Fund, China Automobile Capital Holding Co., Ltd., Oriza Houwang Investment Management Co., Ltd., Zhengqi Capital Holdings Limited, Zhuhai Huajin Capital Co., Ltd.