(BEIJING, May 14, 2018) Beijing Electronics Zone Investment and Development Co., Ltd. (“BEZ Group”) and D&J Industrial Property Investment Limited (“Dongjiu”) recently formed a joint-venture enterprise to establish a technological development and service industrial fund. The joint-venture signaled the commencement of the cooperation between a leading SOE industrial property developer and Dongjiu by the land banking strategy of “rooting in Beijing and covering the whole country”.
BEZ International Electronics Headquarter (Beijing)
BEZ Group is a subsidiary of Beijing Electronics Holding Co., Ltd. (“BEHC”). BEHC is a state-owned large-scale high-technology industrial corporation with a focus on the electronics industry, owned by “State-owned Assets Supervision and Administration Commission of the State Council” (“SASAC”). It has three listed companies, namely, BOE Technology Group, NAURA Technology Group and BEZ Group, and twenty-one second-tier institutions. BEHC has many strategic partners and resources in the state-level finance system. As of the end of 2015, BEHC has RMB178.4 billion in total asset, RMB89 billion in net asset, and RMB57 billion in turnover. As the only listed industrial park platform under BEHC, BEZ Group establishes a technological development and service industrial fund (“The Fund”) with Dongjiu. The Fund will fully seize the competitive advantage of the biggest shareholder, BEHC, and cooperate with the various high-technology enterprises and tenants under BEHC to improve operational efficiency and quality of the business park.
Beijing BezITPark A2
The establishment of the Fund origins from Chinese Government issued documents “Suggestions about Increasing the Development of Technological Service Industry” and “The 13th Five-Year Plan of Technological Innovation of Service Industry”. The Fund will invest in the high-technology industrial innovation parks in Big Beijing area. Both parties will fully utilize competitive advantages in resource integration and intelligent park operation with “Platform plus Service” as the two-fronts leading strategy. The goal is to efficiently increase the scale of asset under management as well as to increase the JV’s presence and influence in the intelligent park, Tech Consulting, and FinTech areas.
About BEZ Group
BEZ Group (SHSE: 600658) was listed on Shanghai Stock Exchange in 2009. Its parent company and biggest shareholder is BEHC, owned by SASAC. BEZ has more than twenty years’ of industry experience in technology industrial park development, operation and services and is one of the earliest developers of Zhongguancun Science Park. With most of its developed properties located in Beijing, BEZ Group’s industrial park projects include “BEZ • Innovation Industrial Park”, “BEZ • Research and Development Center”, “BEZ • Science Building”, “BEZ • IT Industrial Park”, “BEZ • International Electronics Headquarters”, etc.
For more information, please visit www.bez.com.cn.
Co-founded by Warburg Pincus Investment Group in 2014 and headquartered in Shanghai, Dongjiu is a leading integrated industrial properties and service provider with a proven track record in industrial property development, operation and investment, as well as fund management.
For more information, www.djchina.com.