Eastern Bell Capital and Goldstone Investment to invest $141m in Xinwanxing.

Eastern Bell Capital, an ecosystem-based fund, and Goldstone Investment, a private equity company, agreed to invest $141m in Xinwanxing, a Chinese producer of composite materials. The deal is expected to fund Xinwanxing’s plan to scale the production of aerospace-grade composite materials and facilitate its long-term business growth through improvement of corporate governance and production management.