About ZZ Capital Group
ZZ Capital Group is a leading corporate advisory service company headquartered in Hong Kong. The Group has established a wholly-owned foreign funded investment management enterprise in Qianhai, Shengzhen. ZZ Capital Group was established in 1998 and specialises in the provision of a variety of corporate advisory services with a primary focus on companies listed in Hong Kong.
The Group is active in providing a wide range of corporate advisory services, particularly in the areas of corporate resumption, mergers and acquisitions, acting as IPO sponsors and compliance advise, litigation support and distressed asset recovery, and investment advisory and asset management.
One of its principal subsidiaries, Asian Capital (Corporate Finance) Limited, is licensed by the Hong Kong
Securities and Futures Commission ("SFC") to carry out dealing in securities, advisting on securities, advising on corporate finance and asset management.
ZZ Capital Group employs qualified professionals who have expertise in mergers and acquisitions, investment banking, corporate restructuring and asset management. This integration of skills, knowledge, experience and connections amongst its directors and management staff, enable ZZ Capital Group to provide a high level of advice tailored to meet the specific needs of its clients.
In June 2010, Asian Capital Holdings Limited (its name was subsequently changed to ZZ Capital international Limited on 10 August 2016) achieved its major milestone via listing on the GEM board of The Stock Exchange of Hong Kong Limited, raising HK$60m in terms of gross proceeds by way of placement of 300 million new shares at a price of HK$0.20 per share.
Between October 2015 to January 2016, the Group and 中植資本管理有限公司 ("Zhongzhi"), through its wholly-owned subsidiaries, Jinhui Capital Company Limited (“Jinhui”) and Kang Bang Qi Hui (HK) Company Limited (“Kang Bang”) (Zhongzhi together with Jinhui and Kang Bang collectively, the “Zhongzhi Group”) entered into agreements whereby Zhongzhi Group and certain placees subscribed for a total of approximately 2,031 million new shares, raising gross proceeds of approximately HK$641 million, and Zhongzhi Group acquired from the ex-controlling shareholders of the Group a total of approximately 648 million existing shares and made a general offer at HK$0.39 per share for disinterested shareholders.The Offer closed on 31 March 2016 and subsequently, Zhongzhi Group becomes the new controlling shareholder of the Group.
Zhongzhi is owned as to 95% by 中海晟融(北京)资本管理有限公司 Zhong Hai Sheng Rong (Beijing) Capital Management Limited* ("Zhonghai Sheng Rong") and as to 5% by 北京中海聚融投资管理有限公司 Beijing Zhong Hai Ju Rong Investment Management Company Limited*, respectively. The ultimate parent
company of Zhong Hai Sheng Rong is 中海晟丰（北京）资本管理有限公司 Zhonghai Sheng Feng (Beijing) Capital Management Limited* and the ultimate beneficial owner of which is Mr. Xie Zhikun. Zhongzhi was founded in 2011 with a registered capital of RMB1 billion. Zhongzhi is one of the leading investment managers in China which focuses on acquisition and investment in industry leading enterprises and listed companies and is one of the largest industry consolidation funds in China. Based on its excellent performance, it was awarded by the CV Awards (投中創新榜) issued by China Venture Investment Consulting Group (投中集團), an investment consulting company in the People’s Republic of China (the “PRC”) which provides information, data and intelligence relating to the capital markets, as the China’s top 10 most active Chinese private equity investment institution in 2015, China’s top 10 venture capital and private equity investment institution with the best investment returns in 2015 and China’s top 10 most innovative Chinese private equity investment institution, venture capital and private equity investment institution in 2015. Zhongzhi’s key services include private equity investments in the primary market, private placement, mergers and acquisitions of overseas business and funds and merger and acquisition consulting etc. The business partners it works with include leading professional institutions.
Leveraging on Zhongzhi’s business competitive edge and talent pool, the Group is expected to expand in the investment including mergers and acquisitions as well as asset management businesses in Hong Kong and also will explore the possibility of expansion to other jurisdication. Already, Zhongzhi has engaged the Group to provide investment advisory and management service for its HK$4 billion of listed securities assets.
As the Group develops its businesses in multiple locations, it will reduce the business risks resulting from the Group’s reliance on a single market, and could enhance the Group’s competitiveness in its
core businesses, including underwriting, money lending, investments and asset management with the ability to cover businesses in multiple jurisdictions.
The Group wishes to build a business eco-system to create long term drivers for sustainable growth. Besides the normal business cycle of “sourcing-financing-portfolio management-exit”, the Group’s revenue will be supplemented with value-added services and incremental fee options.