Testing Unified group raised 614 million scale venture capital fund

Since May this year with the Suzhou Industrial Park venture Capital Guide Fund (hereinafter referred to as "Park Guidance Fund") signed a letter of intent of cooperation, the Company (hereinafter referred to as "Spike") is special, and it invests almost exclusively in one industry--food and beverage--and such ventures are not common in mainland China. Donor Team July 1, unified Group of Hong Kong listed companies Unified Central control (00220. HK), unveiling the mystery of Hua.　　At that time, Ms Xie, the chief financial officer of the unified central control, confirmed to the first financial daily that the future investment of testing will aim at the food and beverage enterprises in addition to instant noodles and fruit juices in order to further expand the mainland's food and beverage market.　　Wang Jipeng, the investment manager of the park venture capital, yesterday confirmed to the first financial daily that the park's guidance fund had pledged to inject 100 million yuan into the Chinese capital, which is currently awaiting approval by the Ministry of Commerce. In this 614 million Yuan Sino-Foreign Joint Venture fund, the unified control of the two mainland subsidiaries a total of 245 million yuan, the Suzhou Park Guide Fund 100 million Yuan, Singapore Dahua Bank and the United Central control of the two offshore investment companies out of the rest of the capital.　　Among them, unified controlled wholly-owned subsidiary Zhengzhou Unification and Chengdu unification separately to the Chinese Spike capital injection 122 million yuan, each accounted for the fund scale 19.873%. The other two donors are F&B capital and greater-f&b. The former is a company incorporated in central control and 50% of the capital of the Singapore Bank, which was established in Hong Kong and held jointly by the Caimas, Is. Bank and China F&b.　　Greater China F&b's contribution amounted to about 263 million yuan, accounting for 42.98% of the size of the Chinese-sui fund. Park Venture capital Injection Guide Fund 6 VC as China's first market-oriented operation of the venture Investment guidance Fund, Suzhou Industrial Park, the Guidance fund was established in March 2006,　　The National Development Bank and the Sino-New Suzhou Industrial Park Venture Capital Co., Ltd. (now a subsidiary of Suzhou Venture Capital group) each invested 500 million RMB to set up the first phase 1 billion of the Guide fund.　　Wang Jipeng said that as early as the 2007 Park Guidance fund and the fund Management party to start negotiations, due diligence is also very smooth, the relevant procedures in fact early this year has been basically completed.　　This May, the park Guidance fund announced that with the German capital, SoftBank China, Techventures, Helly and Jiangsu Xin Quan 5 venture capital to set up a renminbi fund, and the latter to inject 392 million yuan, and the other 5 investment agencies, including Hua, signed a letter of intent.　　Wang Jipeng said that in the other 4 of the venture to sign a letter of intent, JAIC (Suzhou), the current progress is the fastest, the rest is the dry dragon, Jinsha River and the Arctic light. And the park has been listed in the foreign-funded renminbi fund, the organization of the Chinese-sui is called the "illegal human system of Sino-Foreign cooperative business", theAt first glance the puzzling name of the Suzhou Park's venture has already begun to practice. Wang Jipeng said, "The illegal person creates the investment enterprise" is the domestic legal framework and "the limited Partnership system" the most similar structure, in the tax aspect also can reduce the double taxation to some extent possibility.　　The "essential investor" in the system of illegal persons is the equivalent of a general partner (GP), and "Other investors" is equivalent to a limited partner (LP). So far, the organization of the illegal People's venture capital Enterprise is still the first choice of the foreign-funded RMB fund. Because although the Partnership enterprise law has been in operation since last year, but this legislation is only aimed at domestic venture capital enterprises, and foreign enterprises or foreigners in China to set up partnership enterprises to invest in related matters, the State Council is enacting relevant laws, has not yet been issued.