UES International (HK) Holdings Ltd and Grand View Container Trading (HK) Co., Limited jointly announced that they have successfully increased their equity base by a new strategic investor, PV Container Holdings Limited, being a wholly owned subsidiary of Primavera Capital (Cayman) Fund L.P. The investment is effective as of 8th May 2012.
Primavera capital Group is a China-based global investment firm, with offices located in Beijing and Hong Kong, Primavera manages both US dollar and RMB funds, primarily funded by global leading institutions and corporations.
The investment is carried out through UES International (HK) Holding Limited; a newly established corporate entity formed to assume assets, liabilities and operations from UES International (HK) Limited.
Management believes that the equity increase will have a significant positive impact on the future development of the company by enabling improvement in its capital structure, information technology system, marketing and operation capabilities. It will also develop and enhance the company’s cooperation with its existing and potential valued customers.