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Haitong led a $375m funding round in Chang Guang.

Financials

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Transaction Value£281m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Domestic

Satellite

Minority

Acquisition

Private

commercial satellite

Friendly

Completed

satellite

Venture Capital

China

Single Bidder

Synopsis

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Haitong Innovation Capital Management, an investment platform, led a $375m funding round in Chang Guang Satellite Technology, a developer of commercial remote sensing satellites. The round was also joined by Shenzhen Capital Group, China Capital Investment Group, Matrix Partners China and iFlyTek. The proceeds will be used for the construction of the company’s Jilin-1 satellite “constellation”, the development of remote sensing data applications and team building.

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