Linfen Investment Group Explained

Linfen Investment Group
Type:sovereign wealth fund
Traded As: (bond)
Industry:Utilities
Hq Location City:Linfen
Hq Location Country:China
Area Served:mainland China (mainly Linfen)
Revenue Year:2015
Income Year:2015
Net Income Year:2015
Assets Year:2015
Equity Year:2015
Owner:Linfen Finance Bureau (100%)
Website:lftzjt.com
Footnotes:in a consolidated basis[1]

Linfen Investment Group Co., Ltd. is a Chinese sovereign wealth fund of Linfen Municipal Government, Shanxi Province. The company was the holding company of several utilities of the city.

In July 2016, Linfen Investment Group invested in a private equity fund based in Ningbo for 28.53% stake, which in turn the fund owned 4.0434% stake of Leshi Zhixin, a subsidiary of Le.com.[2] [3] [4] Founder of Le.com, Jia Yueting, was also from Linfen.

Notes and References

  1. Web site: 2015 Annual Report. 27 April 2016. 18 January 2017. Linfen Investment Group. Shanghai Stock Exchange. Chinese.
  2. Web site: http://disclosure.szse.cn/finalpage/2017-01-14/1203015328.PDF. zh:关于放弃控股子公司增资的优先认购权暨关联交易的公告. 14 January 2017. Written on 13 January 2017. 18 January 2017. Le.com. Shenzhen Stock Exchange. Chinese.
  3. Web site: http://disclosure.szse.cn/finalpage/2017-01-14/1203015333.PDF. zh:关于公司重大事项暨引入战略投资者的公告. 14 January 2017. Written on 13 January 2017. 18 January 2017. Le.com. Shenzhen Stock Exchange. Chinese.
  4. https://archive.today/20200414091346/http://www.gsxt.gov.cn/ National Enterprise Credit Information Publicity System