Announced
Completed
Financials
Sources
Tags
Private Equity
Domestic
Satellite
Minority
Acquisition
Private
commercial satellite
Friendly
Completed
satellite
Venture Capital
China
Single Bidder
Synopsis
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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