07
2019
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11
Rongxin Fund's portfolio company, Aofu Environmental, successfully listed on the STAR Market.
Release time:07 Nov,2019

On November 6, 2019, Li Zhongwu, Mayor of Rongchang District, Chongqing; Yu Guodong, Deputy Director of the Municipal Bureau of Ecology and Environment; Han Yong, Chairman of Chongqing Environmental Protection Industry Equity Investment Fund Management Co., Ltd. (hereafter referred to as "Chongqing Environmental Fund"); and Pan Jiqing, Chairman of Shandong Aofu Environmental Technology Co., Ltd. (hereafter referred to as "Aofu Environmental"), attended the listing ceremony and jointly rang the gong to mark Aofu Environmental's official debut on the STAR Market. Aofu Environmental has become the first company listed on the STAR Market that has received investment from Rongxin Fund, managed by Chongqing Environmental Fund.

Aofu Environmental Protection was invested in December 2017 by Rongxin Fund with 29.36 million yuan, acquiring a 2.79% stake and 1.6 million shares. As Aofu Environmental continues to grow and thrive, the company anticipates generating substantial excess returns.
Environmental protection