Representation Transactions-China

Asia Power (2005) [by LAC]

China’s company listing on Singapore main board in 1999, whose principal business majors in operation and management of domestic power plants, however, its market performances after its listing were not good. Until March of 2005, LAC smoothly obtained 10% shares of Asia Power with low price through provision of value-adds. Moreover, LAC conducted a series of reconstruction to improve its business and management level. In 2005 net profit of Asian Power added up 86% compared with the net profit of 2004, £1.9m, to £3.5m, and it was listed as one of the most outstanding 1000 companies in Singapore. When exited Asian Power, the investors achieved remarkable returns. TCIB’s principles acted as consultants while with LAIB.

China Fortune Acquisition Corp. – $75 mm US listed SPAC (CFAUF.ob))

• In August 2007, successfully closed the largest SPAC to date focused on China +4x oversubscribed. ($320 mm of demand).
• Raised SPAC in conjunction with domestic private equity firm, Cathay Fortune Corp, capable of providing “on the ground” deal execution capability.

Cathay Fortune Corp. (“CFC”), Shanghai, China

• Domestic private equity firm with 30 people in Shanghai and 10 in Beijing.
• Current portfolio valued in excess of US$3 billion.
• CFC invests in middle market companies in 2nd and 3rd tier cities in China.
• Focus on opportunities “upstream” and “downstream” of the manufacturing sector.

Holley Group – Hangzhou, China

• Exclusive engagement to advise Holley Communications (one of 7 founding members of TD-SCDMA Alliance in China) on restructuring their Canadian and Chinese operations in preparation for a public listing in the US.
• Developed proprietary public listing process in conjunction with a Business Development Corp.(BDC).
• Managed interface with Holley’s management, BDC’s management, lawyers, accountants, regulators.
• Secured capital commitments in excess of $30 mm from potential investors.
• Exclusive engagement to advise Holley Metering (controls 30% of market for utility meters kwh, water, gas in PRC) on international expansion strategy.
• Developed strategic plan in conjunction with Holley’s Chief International Officer.
• Identified potential strategic partners in US and Europe – organized US road show for Holley Metering CEO and staff.
• Assisted in negotiating an outsourced manufacturing and technology licensing agreement with GE Metering.

Shayne Industries – Hangzhou, China

• Exclusive engagement to establish a $20M cross border loan for expansion capital of Shayne Industries, a leading leather furniture OEM. Use of proceeds included expand warehousing and production facilities and US marketing efforts.

Beijing Leader Harvest – Beijing, China

• CFC Portfolio Company – leading manufacturer of VFDs/industrial energy efficiency.
• Assisted CFC to evaluate the relative merits of a potential sale to strategic acquirers, a recapitalization by private equity investors, a US public listing, and an IPO on AIM.Generated multiple offers from both financial and strategic buyers.

Sizhou Power Equipment – Quingdao, China

• Non-exclusive engagement to assist management team evaluate option to sell company to global financial investors and strategic acquirers.
• Target sale price $50M+
• Developed detailed financial model and offering memorandum.

Group Manufacturing Company (GMC) – Shenzhen, China/Taiwan

• Exclusive engagement to establish a $20M cross border loan for expansion capital of Shayne Industries, a leading leather furniture OEM. Use of proceeds included expand warehousing and production facilities and US marketing efforts.
• Target sale price $80M+
• Developed detailed financial model and offering memorandum.

HQ Sustainable Maritime – Hainan, China/Seattle

• Exclusive engagement to assist HQ, leading provider of farm raised fish to US, establish a cross border $20M non-recourse loan for corporate expansion.
• Investor diligence was required in China, Hong Kong & US – significantly increasing the legal and accounting complexity of transaction.
• US lender selected to close transaction.

Management Track Record

Taiwan High-Tech Venture Capital Fund [Closed, 5-Years]

Founded in May 1998 coincided with the rapid development of network technology period. Fund size is 20 million U.S. dollars, mainly to invest in IT, software and other high-tech industries.

London Asia Clean Technology Fund [Closed, 7-years]

Founded in June 2005, the fund size of 200 million U.S. dollars, mainly to invest in the Asian region, especially China’s energy, environmental protection, and high growth technology companies.

London Asia Chinese PE Fund [Closed, 5-years]

Founded in March 2006. The Fund is listed in the UK AIM, stock code is “LCP”. Fund size of £ 50,000,000, mainly to invest in China’s second/third-tier cities, high-growth businesses, including investment in the field of consumer goods manufacturing and services industries.

Citic Qianjing Arbitrage Investment Fund [Opened, 6-years]

Founded in January 2009, the fund manages a revolving RMB250million, investing in senior secured debt / preferred equity and real estate investments. The fund has invested RMB523million in 3 investments earning [38%], realized returns to date on 1 investment with an active pipeline to continue investing it’s capital base.