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Investments

6

Portfolio Exits

1

About CCB Investment

CCB Investment, a subsidiary of China Construction Bank, is mainly engaged in market-oriented debt-to-equity swap and supporting support business.

CCB Investment Headquarter Location

No.9 A Financial Street, Xicheng District

Beijing, Beijing, 100033,

China

+86 010-67590600

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Latest CCB Investment News

XCMG Diversifies Equity Ownership, Opening up 49% Equity to Unleash Market Potential

Sep 25, 2020

News provided by Share this article Transfers 5.4-billion-yuan worth of equity (US$791 million) to three state-owned holding enterprises: Jiangsu Guoxin Investment Group Limited, CCB Financial Asset Investment Co., Ltd. and BoCom Financial Assets Investment Co., Ltd. Signs capital increase agreement with 12 strategic investor partners and employee shareholding platform that total 15.656 billion yuan (US$2.29 billion). 435 XCMG core team members contribute 868.5 million yuan (US$127.39 million) for a stake of 2.7183%. NANJING, China, Sept. 25, 2020 /PR Newswire/ -- China's leading construction machinery manufacturer XCMG (SZ: 000425) has announced the diversification of equity ownership on September 22 in Nanjing, China. This heralds a new chapter since the establishment of XCMG in 1989, as it opens up 49 percent of equity to the market to stimulate market potential and bring new opportunities. XCMG successfully signed equity transfer agreements totaling 5.4 billion yuan (US$ 791 million) to three state-owned holding enterprises – Jiangsu Guoxin Investment Group Limited, CCB Financial Asset Investment Co., Ltd. and BoCom Financial Assets Investment Co., Ltd., and a total of 15.656-billion-yuan (US$ 2.29 billion) capital increase agreement with 12 strategic investors and employee shareholding platforms. Included in the capital increase agreement, 435 core team members led by Wang Min, chairman and CEO of XCMG, have contributed 868.5 million yuan (US$127.39 million) for a stake of 2.7183 percent. "The future of XCMG must be refreshed with new life and opportunities, it is a reform of profound impact and great significance, and we are confident that the new management mechanism will strengthen high-quality development such as core technology R&D to market management," said Wang. The diversification of equity ownership will bring new changes to XCMG through all levels, including market-oriented re-hiring of management, giving three board seats to 12 strategic investors to ensure checks and balances. XCMG seeks to make more market-centric decisions as well as introducing key employee shareholding and equity incentive plans and implement a profit-sharing plan and market-based compensation mechanism for professional managers, to encourage additional contributions from the technical and management staff. About XCMG XCMG is a multinational heavy machinery manufacturing company with a history of 77 years. It currently ranks fourth in the world's construction machinery industry. The company exports to more than 187 countries and regions around the world. SOURCE XCMG

CCB Investment Investments

6 Investments

CCB Investment has made 6 investments. Their latest investment was in SVOLT Energy as part of their Series B on July 7, 2021.

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CCB Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/30/2021

Series B

SVOLT Energy

$1,580M

Yes

10

7/22/2021

Series C

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$99M

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10

7/6/2021

Corporate Minority - II

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$99M

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10

6/30/2020

Convertible Note

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$99M

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10

6/30/2020

Convertible Note

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$99M

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10

Date

7/30/2021

7/22/2021

7/6/2021

6/30/2020

6/30/2020

Round

Series B

Series C

Corporate Minority - II

Convertible Note

Convertible Note

Company

SVOLT Energy

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Amount

$1,580M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

10

10

CCB Investment Portfolio Exits

1 Portfolio Exit

CCB Investment has 1 portfolio exit. Their latest portfolio exit was Changyuan Lico on August 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/11/2021

IPO

$991

2

Date

8/11/2021

Exit

IPO

Companies

Valuation

$991

Acquirer

Sources

2

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