Hongjun Fund Hony Steady Phase I Private Securities Investment Fund, managed by Beijing Hongjun Private Fund Management Co., Ltd. completed the acquisition of 5.83% stake in Voneseals Technology Inc. from Huaxuan Equity Investment Fund Management Co., Ltd., managed by China Soft Capital Management Group Co., Ltd.
January 25, 2024
Share
Hongjun Fund Hony Steady Phase I Private Securities Investment Fund, managed by Beijing Hongjun Private Fund Management Co., Ltd. agreed to acquire a 5.83% stake in Voneseals Technology (Shanghai) Inc. (SZSE:301161) from Huaxuan (Shanghai) Equity Investment Fund Management Co., Ltd., managed by China Soft Capital Management Group Co., Ltd. for CNY 140 million on December 26, 2023.
Hongjun Fund Hony Steady Phase I Private Securities Investment Fund, managed by Beijing Hongjun Private Fund Management Co., Ltd. completed the acquisition of 5.83% stake in Voneseals Technology (Shanghai) Inc. (SZSE:301161) from Huaxuan (Shanghai) Equity Investment Fund Management Co., Ltd., managed by China Soft Capital Management Group Co., Ltd. on January 26, 2024.
Voneseals Technology Shanghai Inc is a China-based company mainly engaged in the research, development, manufacture, and sales of hydraulic and pneumatic sealing products. The Company's main products include hydraulic seals, hydraulic seal packages and other hydraulic sealing products, as well as other sealing products such as pneumatic seals, oil seals, and track seals. The Company's products are mainly used in the hydraulic cylinder sealing systems of construction machineries such as excavators, cranes, loaders, and breakers, as well as hydraulic support sealing systems for coal machines. The Company mainly conducts businesses within the domestic market.
Hongjun Fund Hony Steady Phase I Private Securities Investment Fund, managed by Beijing Hongjun Private Fund Management Co., Ltd. completed the acquisition of 5.83% stake in Voneseals Technology Inc. from Huaxuan Equity Investment Fund Management Co., Ltd., managed by China Soft Capital Management Group Co., Ltd.
VONESEALS TECHNOLOGY (SHANGHAI) INC. 
