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SMG invests in Dalian Huayuankou

Yesterday, SMC Capital Dalian Huayuankou office held its opening ceremony at 2 Zhong Shan Square. Dalian Huayuankou SMC Ventures Enterprise is the first foreign investment enterprise in Liaoning province

SMC Capital China (“SMC3”), one of China’s leading growth capital private equity firms, and part of Simon Murray Group (“SMG”). SMC3 established Dalian Huayuankou SMC Venture Enterprise with Huayuankou Economic Zone. SMC3 completed signing, registration, capital injection and other procedures in a few months. SMC3’s Dalian Huayuankou fund is the first Joint Venture RMB-denominated private equity fund in Liaoning province, with a total fund size of RMB 600m. One portfolio firm, SMC Synapse Partners, saw its core holding in 21Vianet Group complete its successful US IPO in April 2011 (NASDAQ: VNET).

SMG founder and chairman Simon Murray describes Dalian as “Hong Kong in the northeast of China” because of Dalian’s high economic growth and unlimited potential. SMC3 partner Waisum Fan told reporter that SMC3 chose Huanyuankou for its importance along the Liaoning coast line and Dalian’s numerous opportunities.

SMC3 has been actively screening growth companies in Dalian and other northeast regions. As of early May, SMC3 met with more than ten companies and signed Letters of Intent with three companies which are leaders in the new material, bio-tech and environmental protection industries.

SMG is one of Asia’s longest running and most established alternative asset management firms with over USD1.5 billion assets under management in Asia and China.   Mr. Simon Murray, the former CEO of Hutchinson Whampoa and former Executive Chairman of Deutsche Bank Asia, founded SMG in 1997. 

SOURCE. Takungpao
UPDATE. 2011-05-13
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