Shenzhen-based Rongyuan Venture Capital Co., Ltd. (Rongyuan VC), a whole subsidiary of Shenzhen GTJA Investment Group (GTJA) invested RMB19.04M to Shandong Mining Machine Group (SMMG) for a 3.4% stake.

SMMG with over 30-year history specializes in the manufacture of coal mine machinery device. It ranks fourth in the industry with the profit ranking third. In addition, the company promises huge development potential based on its flexible operation mechanism, steady performance growth and good listing preparation.

GTJA, relying on Guotai Junan Securities Co., Ltd, is a professional investment firm engaged in equity investment, M&A, investment planning, financial consultancy, and other investment banking businesses. Moreover, it is one of the few firms conducting both RMB and foreign currency investment deals. This is another attempt for GTJA to conduct Pre-IPO project investment.