Small Song Co-Invests in E-Cigarette Supplier with Industry Fund

Jan.12.2023

Huzhou Jingqian Fund gains 20% stake in e-cigarette liquid supplier Shenzhen Zhenghe Bio-Tech according to Zhongsong announcement on Jan. 10th.

On January 10th, according to an announcement from Xiao Song Corporation, a recent agreement was signed by the Industry Fund that the company participated in, Huzhou Jinqian Equity Investment Partnership Enterprise (Limited Partnership), to transfer equity in Shenzhen Zhenghe Biotechnology Co., Ltd., a supplier of electronic cigarette vaporizing liquids. Huzhou Jinqian will hold a 20% stake in Zhenghe Biotechnology.

It has been reported that Zhenghe Biologic is an electronic cigarette e-liquid supplier that integrates research and development, production, sales and co-processing services. They have obtained the national tobacco monopoly bureau's "Tobacco monopoly production enterprise license (aerosol production enterprise)".

#E-cigarette #E-cigarettes and Tobacco #E-cigarette Industry #USA #Charity

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