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China Soft Family | Two Funds under China Soft Received Two Rounds of Investment at Finework Technology's GEM IPO

Browse:265Times | latest update:2022-07-23

On July 22, 2022, the results of the 43rd deliberation meeting of the GEM Listing Committee in 2022 were announced, in which the listing application of Finework (Hunan) New Energy Technology Co., Ltd. (hereinafter referred to as "Finework Technology") on the GEM was approved.

 

In November 2018, China Soft Capital led the Series A investment in Finework Technology to facilitate its production capacity upgrade and automation transformation. In February 2020, Hunan Key Industry Intellectual Property Operation Fund and Beijing China Soft Smart Fund under China Soft Capital made additional investments in this company.

 

Finework Technology is a national high-tech enterprise specializing in the R&D and manufacturing of high strength fasteners and the provision of fastening system solutions. It has been rated as one of the first batch of SRDI "little giant" enterprises recognized by the Ministry of Industry and Information Technology, one of the fifth batch of single champion enterprises (products) for manufacturing, the "Manufacturing Entrepreneurship and Innovation Pilot Demonstration Platform" in 2019, and the "CSAIII Management System Implementation Pilot Enterprise" and the "Intelligent Manufacturing Pilot Demonstration Enterprise" in 2018. Finework Technology goes deep into the manufacturing of high strength fasteners and actively develops high strength fastener products and fastening system solutions for construction machinery, rail transit, ships, aviation, automobiles, petroleum, etc. Its products are mainly used in the field of wind power.