Reportedly, Panpan Security Industries Co., Ltd. (Panpan) - China's largest door producer - secured RMB130M from Botong VC and other investors. Meanwhile, its Hong Kong debut procedure also started.

Enkai Chi of Panpan confirmed the investment deal on March 24, disclosing that Panpan will probably sell about 20% stake. But he did not disclose the other investors.

Panpan holds 20-25% market share in China's door sector currently. Its distribution has extended to Taiwan region. Panpan owns over 600 larger stores and 5,000 smaller stores across China. In recent years, its security doors have been distributed to Russia and Southeast Asia. The sales revenue of the company was RMB2.3B for 2007, and is expected to reach RMB2.5B in 2008. Panpan has three production bases in Changsha, Langfang and Yichang. It plans to establish another two production bases, one of which will be located in Chengdu.

Based on its website, Panpan is a shareholding company engaged in producing security products. With over 5,000 employees and eight door producers, Panpan can produce 1.5 million security doors on a yearly basis.