2020.12.09
On November 26, 2020, the "Investment Strategy Cooperation Agreement Signing Ceremony" was held. It was witnessed by the leaders of local governments, China's top investment institutions and other important financial partners. As witnessed by the guests, BABO signed an investment strategy cooperation agreement with SDIC Chuangyi Industry Fund Management Co., Ltd., Dragon Gate Investment Partners, Highlight Capital, Hongtai Aplus, Redview Capital and Sequoia Capital. The introduction of strategic partners by BABO will boost the rapid development of the brand and promote its market growth.
BABO is a brand owned by Sichuan Huanlong New Material Co., Ltd.，and is dedicated to delivering healthy and environmentally friendly bamboo fiber products to consumers. The company is involved in scientific and technological research and development, maximizing the economic benefits of bamboo and ultimately rewarding bamboo farmers in return. The leading investor, SDIC Chuangyi Industry Fund Management Co., Ltd., was established in December, 2013 and is a subsidiary of State Development & Investment Corp., Ltd. (SDIC). It is entrusted to manage four funds with a total scale of RMB 34.7 billion. SDIC Chuangyi is one of the largest and most significant investment institutions in China in terms of management scale and is an important support to central enterprises in realising the national poverty alleviation strategy and the rural revitalization strategy. It is committed to serving the national poverty alleviation strategy through market-oriented operations, promoting industrial development in poor areas so as to assist in poverty alleviation. It enhances the "hematopoietic" function and endogenous growth momentum in those poor areas and explores a sustainable industrial poverty alleviation model. This round of financing has been supported not only by the leading investor, SDIC Chuangyi, but also by numerous top-tier funds and well-known specialist funds in the health market as co-investors.
The BABO financing raised hundreds of millions of RMB. It involved negotiation and communication between old and new investors and is the largest in all previous financing of BABO in respect of investor numbers and the financing scale. The project was launched in September 2020. As the legal counsel to the leading investor SDIC Chuangyi and with investors, Dragon Gate Investment Partners, Highlight Capital and Hongtai Aplus, JunHe’s team provided professional and efficient legal services under a very tight deadline. JunHe’s services included the drafting, negotiation and transaction of the documents as well as their review and amendment and provided overall legal advice on key issues concerning the investors. JunHe's team, with its rich experience and professional legal services, helped the investors to successfully complete their investment in BABO, and won recognition and praise from the client and all parties involved.
The leading partners of this project were Mr. ZHANG, Jingyu (Eli) , Ms.Audrey CHEN and Mr. SHI, Xinyue (Henry) ; partner Mr. GUO, Tao provided great assistance to the project.
