(Source: Hanzhou Chaoteng) On June 24th 2016, President Mr. Wang Yong of DunAn Group, vice chairman Mr. Zhang Jianyang of Hangzhou Jinjiang Group Co., Ltd and President Ms. Wang Minna of Hangzhou Chaoteng Energy Technology Co., Ltd (HCT) jointly signed a cooperation agreement, marking that DunAn Group and Hangzhou Jinjiang Group, the business giants and front-runners officially became the strategic partners with HCT.
Director from Zhejiang Low Carbon Center, curator of Hangzhou Low Carbon science and technology museum, Mr. Shen Qinhua from PWC Partner, Dr. Li Jin from Shanghai Environment and Energy Exchange, representatives from Zhejiang Communications Investment Group Strategy Department, Deputy General Manager Ms. Wang Yiqing from MIZUDA Group, executives from Bank of Ningbo, Bank of Hangzhou, Zheshang bank, ZTE bank, Agricultural Bank of China, Chint group, DunAn New Energy, Jin Yuan Shares and Shang Feng Shares as well as representatives from other enterprises under emission trading scheme, social insurance and professional media attended the signing ceremony.
The signing ceremony has profound meanings for HCT and will strengthen HCT significantly. During the ceremony, Mr. Wang Yong made an impromptu speech saying that DunAn Group as an investment corporation that has great passion in facilitating environmental protection and low-carbon development was honored to become the shareholder of HCT, a brilliant company in low carbon business. He also said: “When Price Waterhouse invested HCT, I didn’t realize the potential. So this time, I shall not make the same mistake again.”
Back in June 20th , HCT (stock code: 833059) released the latest stock issue plan. The number of issued shares of this plan is 1.69 million. With the price of ¥16.8 per share, the total fund raised reached up to ¥28.392 million. This investment is mainly carried out by Rushan Investment Management Co., Ltd and Jinjiang Group, which make HCT valued ¥213 million in the market.
RuShan Investment Management Co., Ltd, a subordinate company of DunAn Group, is specialized in the share investment of high-tech and growing enterprises. It is also one of the executive directors of China Venture Capital Association Professional Committee. The company currently manages more than ¥ 2 billion fund, and was awarded as one of the top ten domestic venture capital institutions in Zhejiang Province for several consecutive years. Its largest shareholder, DunAn Holding Group, is listed as one of China’s top 500 private enterprises and Forbes China Top 100 Enterprises. Hangzhou Jinjiang Group is a large-scale private enterprise group which engages in eco-friendly energy, nonferrous metals and chemicals industries with total assets of over ¥30 billion and annual sales revenue exceeding ¥40 billion. Non-ferrous metal industry is the key sustainable industry of Hangzhou Jinjiang Group. And its aluminum industry is ranked as number one in China.
The fact that two business giant participated in HCT share issuance indicates not only their confidence towards the future carbon market as well as carbon financial business, but also the trust and faith in HCT.
HCT has been engaging in climate business since it was founded in 2006. So far it has obtained nearly 10 years of experience, committing to making contribution for carbon emission mitigation endeavor. HCT began it full involvement in domestic carbon market in 2013 and took part in multiple tasks including low-carbon research projects, GHG inventory, GHG audit and low-carbon urban planning. In 2014, HCT introduced strategic investor, and in March 2015, HCT finished stock reform and applied for NEEQ stock company. In July 2015, HCT was successfully listed on the NEEQ stock mark and since then gradually become one of elite companies in climate business.
It is believed that the cooperation among DunAn Group, Jinjiang Group and HCT shall be a win-win situation. Let’s take this cooperation as a starting point and use the nation-wide carbon market as an opportunity to begin to make a bright future.