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Cedar Holdings company logo
Holding Company
cedarhd.com

Investments

4

About Cedar Holdings

Cedar Holdings, aka Cedar Capital, is an integrated industry group whose members include cloud-based solutions providers, chemical industry players, cultural tourism companies, real estate businesses, and many more.

Headquarters Location

International Finance Center

Guangzhou, Guangdong,

China

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Latest Cedar Holdings News

Cedar’s Actual Controller Taken Into Police Custody Over Illegal Fundraising

May 8, 2023

(Yicai Global) May 8 -- Zhang Jin, founder and actual controller of Cedar Holdings, who was once among China’s richest people with CNY40 billion (USD5.8 billion) in assets, has been taken into custody by police, with his company suspected of illegally absorbing deposits from the public, Securities Times reported today. The Guangzhou Municipal Public Security Bureau announced yesterday that it has taken criminal coercive measures against a person surnamed Zhang. The person is Zhang Jin, according to the report, which cited a source familiar with the matter. Since January 2020, under the guarantee of Cedar, several companies, including its Guangdong Yuanfang Investment, have sold more than 350 illegal wealth management products, with a total scale of over CNY20 billion, to natural persons, the report said. The redemption of such products fell into comprehensive stagnation in February 2022. For more than a year since, the Guangzhou police have been investigating Cedar’s suspected illegal fundraising. Headquartered in Guangzhou, Cedar was founded in 1997. It owns Cedar International Trust, Dalian Financial Assets Exchange, and listed companies Cedar Development and Zibo Qixiang Tengda Chemical. Chen Hui, a director of Qixiang Tengda, has been missing since last October and his disappearance is likely linked to fundraising worth over CNY7 billion, Yicai Global learned from a source close to the authorities. Editor: Peter Thomas

Cedar Holdings Investments

4 Investments

Cedar Holdings has made 4 investments. Their latest investment was in New Mandarin as part of their Series B on April 4, 2023.

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Cedar Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/10/2023

Series B

New Mandarin

Yes

3/14/2023

Series A

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0

1/3/2019

Series B

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0

5/11/2017

Series A

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10

Date

4/10/2023

3/14/2023

1/3/2019

5/11/2017

Round

Series B

Series A

Series B

Series A

Company

New Mandarin

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Amount

New?

Yes

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Co-Investors

Sources

0

0

10

Cedar Holdings Acquisitions

1 Acquisition

Cedar Holdings acquired 1 company. Their latest acquisition was Stemcor on January 22, 2020.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

1/22/2020

$99M

Acquired

1

Date

1/22/2020

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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