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Lianshun Shale invests in five Liangjiang enterprises
Updated: 2015-07-14
By Ge Jieru and Lan Jingran, chinadaily.com.cn
Of the 250 million yuan ($40.28 million) it has received since its establishment, Chongqing Lianshun Shale Venture Investment Fund recently invested 128 million yuan to five enterprises based in the Liangjiang New Area, according to Chongqing Liangjiang Financial Company.
The Chongqing Dingshun Energy Technology Ltd, which is based in Liangjiang and specializes in the manufacturing of shale gas equipment, is one of the five companies that received the investment. Alongside the investment, Dingshun successfully gained more government support, such as the preferential tax policy at the beginning of the year.
The company has experienced a major break-through in the first half of this year-both financially and technologically. Dingshun's sales volume has exceeded 25 million yuan in the first half of 2015. Additionally, the company has successfully applied for two patent rights, while another 10 patents will enter the application process later this year.
"Being able to receive this key investment is all thanks to our professional team, marketing advantage and our leading technical strengths," said Li Haichen, a senior staff member from Dingshun.
"This distribution of investment here in Liangjiang is vital, and will help to promote the construction of a shale gas industrial chain in the area," Li added.
Liangjiang plans to utilize the venture capital fund, which is an internationally developed financial service model, according to Wu Xu, CEO of Lianshun Shale Venture Investment Fund.
With the support of Liangjiang's finance mode, strategic emerging industries in the area have developed at a rapid pace. In 2014, the added value of Liangjiang's strategic emerging industries reached 18.40 billion yuan.
Edited by Jacob Hooson
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