|By PR Newswire||
|January 20, 2013 06:00 PM EST||
BEIJING, January 20, 2013 /PRNewswire/ --
Infinity Group and affiliate plan to hold at least 5% of Anxin
Infinity Group, a cross-border platform known for its strong roots in China, its vast, global network of technology and innovation, and its "China Outbound" initiative, which supports Chinese companies with an interest in international business, announced today that, together with an affiliate, it now owns 4.7% of Anxin-China Holdings Limited (1149.HK), valued at US$30 million.
Anxin is an investment holding company. The Company and its subsidiaries are engaged in the sale of system hardware and application software for installation of Intelligent Surveillance Disaster Alert & Rescue Coordination (ISD) Systems and provision of system solutions services.
Infinity Group and its affiliate intend to ultimately own at least 5% of Anxin. Under the framework of an accord announced last July 26, Infinity, which was already an Anxin shareholder, committed to continue investing in Anxin. It also sold Mate IP and I-China Security marketing and distribution rights to Anxin for US$30 million in two tranches. This marked Infinity's 10th sale to a Chinese company of IP originating from outside of China. The transfer of Mate technology to Anxin is complete.
"Infinity is well-known for its strong post transaction follow up. These are not just words but a true order of commitment and service to our partners. This is the reason for our continued active support of Anxin in terms of investment, expansion and development of markets for ISD platforms," said Infinity Group Managing Director - Finance Mr. Ariel Poppel. "We have great confidence in Anxin, its management and its business. Its performance to date has been impressive. We believe that the future of this company is bright and we look forward to, together, continuing down the road of success."
About Infinity Group
Infinity Group is a cross-border platform known for its strong roots in China, its vast, global network of technology and innovation, and its "China Outbound" initiative, which supports Chinese companies with an interest in international business. It is also the founder of the Infinity IP Bank, the hub for IP development and commercialization in China. Infinity Group currently manages 16 funds, 14 in China. Infinity has a portfolio of 45 companies and has made 22 successful exits. Infinity, which has the greatest number of RMB funds in China. Sectors of focus include: information technology, medical device and services, water clean tech, agriculture and materials. Infinity currently has offices in Beijing, Changzhou, Chengdu, Chongqing, Harbin, Hong Kong, Jining, New York, Ningbo, Shanghai, Shijiazhuang, Suzhou, Tel Aviv and Tianjin. For more information, please visit http://www.infinity-equity.com.
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