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China Ministry of Finance and Cinda Kunpeng led a $141m Series A round in ZhongChuGuoNeng.

Financials

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Transaction Value£114m
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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China

Venture Capital

Friendly

energy storage

Renewable Energy Equipment

Domestic

Minority

Private Equity

Private

Acquisition

Single Bidder

Completed

Synopsis

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China Ministry of Finance and Cinda Kunpeng, an investment management firm, led a $141m Series A round in ZhongChuGuoNeng, a developer of compressed air energy storage technology intended to provide power. ZhongChuGuoNeng is mainly engage in developing compressed air energy storage technology, providing business users with more energy storage efficiency for their energy storage system, enabling clients to promote clean-tech industry.

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