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CCIC Capital, Want Want Group to establish a private equity investment fund

ftz.xm.gov.cn|Updated: January 26, 2024


The entrance to Want Want Group. [Photo/WeChat account of Xiamen Free Trade Zone]

The Xiamen Free Trade Zone guidance fund joint meeting recently approved of the cooperation between CCIC Capital and Want Want Group in equity investment.

CCIC Capital plans to collaborate with Want Want Group to establish a private equity investment fund, with a targeted fundraising size of 1.2 billion yuan ($168 million). 

The Xiamen industrial guidance fund, the Xiamen FTZ industrial guidance fund, and the Tong'an district scientific and technological innovation fund will jointly participate in the venture, aiming to play a role in attracting investment and promoting industrial development in Xiamen through capital investment.

Want Want Group is a Taiwan-owned enterprise primarily engaged in the production and sale of beverages and food products. Headquartered in Shanghai, the company has been operating on the Chinese mainland for 30 years. It has set up factories in Fujian province and established a comprehensive sales network.

This collaboration with the Xiamen FTZ industrial guidance fund marks the first time Want Want Group has partnered with a government industrial guidance fund. 

This cooperation will also support CCIC Capital and Want Want Group, as well as their industrial ecosystem, in establishing a mutually beneficial relationship with Xiamen, thereby promoting win-win cooperation between Fujian and Taiwan.