Laser tech firm, Guosen plan China robotics fund
Guosen H&S Investment, a PE investment arm of state-owned Guosen Securities, has teamed up with Shenzhen-based Han’s Laser Technology to form a RMB1 billion ($160 million) industry fund that will target robotic projects.
The Guosen Han's Robotics Industry Fund, which is domiciled in Shenzhen, has received a RMB200 million commitment from Han's Laser Technology while the remaining capital will be raised by Guosen H&S Investment from third-party investors, according to a regulatory filing.
The two parties have set up a joint venture to manage the fund. Han's Laser holds a 49% stake in the JV, with Guosen H&S Investment taking 51%.
Han's Technology sees the fund as a means to integrate downstream resources and improve its competitiveness in high-tech areas such asautomation, linear motors and visual identity. The company is optimistic about the growth prospects of the robotics industry and expects to generate returns from related investments.
In December, Han's Technology announced plans to set up a RMB500 million robotics industry fund with Shenzhen-based First Capital, looking for the same type of investment opportunities in artificial intelligence.
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