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Riemann Investment Advised Haike Group on Pre-IPO Private Equity Funding Riemann Investment Holdings Ltd. (¡°Riemann Investment¡±), acting as the sole financial advisor, advised HaiKe Chemical Group Ltd. (¡°HaiKe Group¡±) on its full-scale corporate restructuring and exit of state-owned holdings, and also made pre-IPO equity investment of RMB20 million in HaiKe Group, promptly assisted the Company to close the strategic private equity funding within four weeks. Located in close proximity to China¡¯s second largest oil field Shengli, HaiKe Group¡¯s operations began in 1988.The Company operates through two segments: petrochemical and chemical. It primarily focuses on the Chinese domestic market for its petrochemical business, while its specialty chemical and biochemical products are sold both domestically and to overseas markets. The petrochemical segment provides diesel oil, gasoline and other similar commercial oil by processing crude oil. The chemical segment supplies methyl carbonate, propylene related products and biochemical products, which are used in the medical, agriculture, food and textile industries. The private equity funding strengthen HaiKe Group¡¯s capital base and provided a strong foundation for HaiKe¡¯s subsequent USD$20 million initial public offering in the Alternative Investment Maket (¡°AIM¡±) of the London Stock Exchange on 14 February 2007. <BACK> |
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