Wenzhou private capital finds its way to get involved in sapphire substrate

On March 17, Shanghai Bashima Information Technology Co., Ltd. and Yichun Forestry Bureau reached an investment intention agreement on the LED sapphire crystal project and held a signing ceremony at Yiyang Building.

According to the agreement, Shanghai Bashima Information Technology Co., Ltd. plans to invest a total of 560 million yuan, the first phase of investment of 200 million yuan, the construction of LED sapphire wafer production base in Yichun Economic Development Zone, is expected to cover an area of ​​300 acres, establish 200 foam in five years The raw crystal growth furnace has an annual output of 150,000 kilograms of sapphire crystals (about 6 million sapphire substrates), with an annual output value of 360 million yuan and a profit and tax of 97.56 million yuan.

Subsequently, Gaogong LED reporter learned through relevant channels that Shanghai Bashima is a wholly-owned subsidiary of Shanghai Rongbang Group, and Rongbang Group, formerly known as Wenzhou Yongsheng Investment Co., Ltd., has gradually developed into a industry by various enterprise investments. Investment group companies in the areas of investment, asset management, investment banking, financial services, equity investment, warehousing logistics and software R&D.

The headquarters of Rongbang Group has been relocated to Shanghai Lujiazui Finance and Trade Zone since 2010. Now it has Shanghai Rongbang Investment Co., Ltd., Wenzhou Yongsheng Investment Co., Ltd., Shanghai Busma Information Technology Co., Ltd., Wenzhou Luozhonghui Trading Co., Ltd., Guangxi Rongding Investment Co., Ltd. Ltd., Shanghai Ronghong Industrial Investment Co., Ltd. and many other directly affiliated companies and financial service platforms, and holds assets such as Rongbang Building, Yongsheng Building and Rongding Building.

According to relevant information, Wenzhou currently has more than 600 billion yuan of private capital. At the same time, Wenzhou's private capital has begun to change from the previous "Raptors Crossing the River" to the current "do not move" and "stand by" status. A Wenzhou investor told reporters that his friends have been watching the changes in policy recently. If the government guides it properly and appropriately, private capital will become the engine of a new round of economic stimulus.

As the country's first financial comprehensive reform pilot zone, Wenzhou enterprises have established a number of venture capital firms in recent years. It is understood that Shenzhou Group, Chint Group, Youli Group, Huanyu Group and other traditional Wenzhou enterprises have established venture capital companies in the form of partnerships or joint-stock companies. At present, there are about seven or eight companies engaged in PE in Wenzhou, including Huanya, Tongtai, Hang Seng Assets, Shouhua Venture Capital, Wenshang Venture Capital, Guorui Venture Capital, etc. Outside Wenzhou, Wenzhou people also have ten PEs. Yu Jia, including the Shanghai Rongbang Group, which invested in the sapphire project, is a typical example.

About Shanghai Bashima Information Technology Co., Ltd.

Shanghai Bashima Information Technology Co., Ltd. is a subsidiary company of Rongbang Group. It is a professional information service provider specializing in logistics e-commerce, enterprise information consulting and system integration.

Shanghai Rongbang Investment Co., Ltd. is a comprehensive group investment company engaged in capital investment (including capital operation), asset management (including acquisition of non-performing assets), equity acquisition, mergers and acquisitions, financial services, securities investment, and real estate project development.

Group companies:
Shanghai Rongbang Investment Co., Ltd. Shanghai Busma Information Technology Co., Ltd. Wenzhou Yongsheng Investment Co., Ltd. Guangxi Rongding Investment Co., Ltd. Wenzhou Luozhonghui Trading Co., Ltd. Shanghai Ronghong Industrial Investment Co., Ltd. Shanghai Haohua Industrial Co., Ltd.


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